Tag: ADB

ADB supports leasing of ‘Green’ buses on urban roads in China

In January, the Asian Development Bank (ADB) signed a USD 75 million loan with Everbright Financial Leasing to add more low-emission buses on city roads in China. The funds are part of the USD 275 million Clean Bus Leasing program approved by ADB’s board in 2013. The project aims to improve quality of life for commuters, reduce air pollution, and […]

February 23rd, 2017

ADB provides USD 200 million in loans for energy-efficient lights and water pumps across India

In India, energy-efficiency is about to receive a major boost from The Asian Development Bank (ADB). The bank has announced that it will provide India with USD 200 million in loans to finance the installation of millions of energy-efficient light-emitting diode (LED) lights in streets and homes, as well as energy-efficient water pumps for farms across the country. These installations […]

November 1st, 2016

Asian Development Bank makes record investments in clean energy in 2015

The Asian Development Bank (ADB) is changing its lending strategies to reflect the challenge of climate change and sustainable development. Last year, ADB set ambitious targets for investments that respond to climate change, and pledged to double its annual financing for mitigation and adaptation projects to USD 6 billion by 2020. Of this amount, USD 4 billion will be allocated […]

August 15th, 2016

World Bank and ADB provide loans for energy efficiency in India

In 2015, India pledged to reduce the energy intensity of its economy by 33 to 35 percent below 2005 levels by 2030. The Indian government has also found that increased energy efficiency is critical to containing energy demand without jeopardising the country’s growth. Now India’s ambitious initiatives have won significant funding support from two major SE4All partners: the World Bank […]

May 26th, 2016