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Day: May 10, 2021

Fossil Free ADB reaction to Asian Development Bank draft energy policy

May 10, 2021By OCI TeamBlog Post, Press Releases

The Asian Development Bank issued its draft energy policy on Friday following the conclusion of its 54th Annual Meeting and clarion calls from the United Nations to end financing for all fossil fuels including gas. This first draft has ruled out financing for coal but allows for continued gas finance which dominates the ADB’s fossil fuel lending.

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