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According to estimates, global warming of 1.5°C could expose 14% of the world population to severe heatwaves at least once every 5 years, and this figure rises to 37% under a 2°C warming scenario. Photo credit: iStock/PraewBlackWhile.
Article
7 March 2023

How to Cool Southeast Asia’s Cities

Low-cost and science-based approach that leverages on natural ecosystems equips the region with the means to fight extreme heat due to climate change.
Harnessing the Lao PDR's untapped wind resources can provide energy diversification as the seasonality of the wind resource is countercyclical to the rainy season, which supports the country’s hydropower generation. Photo credit: ADB.
News
6 March 2023

ADB Signs Loan for First Cross-Border Wind Power Project in Asia, First Plant in Lao PDR and Largest in Southeast Asia

The financing package is the largest syndicated renewable project financing transaction among ASEAN countries to date.
Unlocking Islamic Climate Finance
Publication
3 March 2023

Unlocking Islamic Climate Finance

This report analyzes how Islamic finance can be scaled up to help build urgently needed climate-resilient infrastructure in the Asia and the Pacific, and ensure its post-COVID-19 recovery is green, sustainable, and inclusive.
An ADB–IsDB report says Islamic finance has great potential to boost climate action. Photo credit: ADB.
Article
3 March 2023

Greening Islamic Finance to Scale Up Investments in Climate Action

An ADB–IsDB report provides recommendations on how to speed up the development of Islamic climate finance.
Globally, there was a 65% increase in online-based freelance tasks between May 2016 and January 2022. Photo credit: ADB.
Article
3 March 2023

The Future of Work in the Digital Economy: Addressing Challenges in the Road Ahead

With the rapid growth of gig platforms, governments should design policies that give credence to workers’ desire for flexibility and control.
News
1 March 2023

Sustainable Trade and Investment Key to Asia and Pacific’s Green Future

While trade and investment have fueled remarkable economic growth in Asia in recent decades, it has also led to large increases in carbon dioxide emissions in the region.
Asian Economic Integration Report 2023: Trade, Investment, and Climate Change in Asia and the Pacific
Publication
27 February 2023

Asian Economic Integration Report 2023: Trade, Investment, and Climate Change in Asia and the Pacific

This report shows how smart trade and investment policies, and regulatory cooperation can help Asia-Pacific economies tackle climate change, recover from the pandemic, and support resilient and sustainable development.
Consumers are going back to their pre-pandemic habits. The report says a deep understanding of consumers’ usage behavior is key to identifying growth areas. Photo credit: ADB.
News
27 February 2023

Southeast Asia’s Digital Economy to Hit $200B in 2022

Google-led study says e-commerce continues to accelerate, but travel and transport will take time to fully recover.
The loan also seeks to enhance public services and finance for the sector, and social protection for rural families affected by the program’s reforms. Photo credit: ADB.
News
23 February 2023

$500 Million ADB Loan to Support Philippine Agriculture Sector Reforms

The loan will support the Philippines’ efforts to attain food security by building a competitive and inclusive agriculture sector.
Climate philanthropy is nascent yet growing in Asia, and there are promising signs of innovative approaches, particularly among next-generation wealth holders. Photo credit: ADB.
Article
21 February 2023

Asia's Green Transition Will Require More Climate Finance

Philanthropic organizations are taking an increasingly structured approach to address climate change.
Annual cash waqf donations are estimated at around $12 billion, while total land waqf assets are valued at $134 billion, making a compelling case to use these funds to fight climate change. Photo credit: ADB.
Article
21 February 2023

What Is Waqf and How Can It Help Finance Indonesia’s Clean Energy Transition?

Home to the world’s largest Muslim population, Indonesia urged to study the use of Islamic charitable endowments to finance its clean energy transition.
Businesses can reach more customers and improve their services with the help of digital technology. Photo credit: ADB.
News
21 February 2023

Helping Tourism MSMEs Take the Digital Path to Recovery and Resilience

ADB and Thailand organize training to help tourism MSMEs adopt digital technologies to analyze consumer data, market services, and boost profitability.
Igniting SDG Progress Through Digital Financial Inclusion
Publication
20 February 2023

Igniting SDG Progress Through Digital Financial Inclusion

This publication features extensive evidence-based examples for 13 SDGs relevant to the wide benefits of inclusive digital financial services.
Reframing of Global Strategies and Regional Cooperation Pathways for an Inclusive Net-Zero Strategy in the Energy Transition Framework
Publication
20 February 2023

Reframing of Global Strategies and Regional Cooperation Pathways for an Inclusive Net-Zero Strategy in the Energy Transition Framework

This brief from ERIA assesses energy transition challenges for ASEAN and the Gulf Cooperation Council, and proposes new policy pathways toward an inclusive net-zero economy.
Although cities provide fertile ground for investment in nature-based solutions, very little blended finance is currently being directed to urban projects in emerging markets. Photo credit: ADB.
Article
20 February 2023

How Do We Get Emerging Economies to Invest More in Large-Scale Nature-Based Solutions?

Nature-based solutions that protect ecosystems such as forests and oceans are widely accepted as the way forward to address the climate emergency.