Winner | Asian Digital Media Awards 2024

Making financing fair and just

Civil society, financial institutions and governments need to work together to ensure a green and inclusive economy.

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A closer look at how these ‘energy transition’ deals are backed reveals gaps in the lending policies of banks in the Mekong subregion. A 1,460-MW dam, now under construction near the Luang Prabang UNESCO World Heritage Site, will see all its electricity sold to Thailand, but critics have pointed out that the nation is facing an oversupply of energy.

4 Dec 2024

EB Studio The story of the Cirebon 1 coal power project is symptomatic of the obstacles in Indonesia’s coal phase-out plan. As the first pilot for the Asian Development Bank (ADB)’s Energy Transition Mechanism (ETM), Cirebon 1 may be decommissioned 10 to 15 years earlier than planned, but its environmental and social impacts remain unaddressed, while a new plant is being built nearby.

EB Studio The journey from fossil fuel dependence to renewable energy sources for Asian countries is fraught with complications for those who work in and live around energy-related industries, and requires a massive amount of financial capital.

A coal-fired power station at Lamma Island, Hong Kong, China.

EB Studio Most Asian countries’ NDC commitments are not sufficiently aligned with the Paris Agreement target to limit global temperature rise to 1.5°C, a study by Fair Finance Asia finds.