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the ADB as a key climate-and-development arena

the ADB as a key climate-and-development arena. Renato Redentor Constantino NGO Forum on the ADB Airlie Center, Virginia, US, Feb. 24, 2010. Some background. ADB: Huge influence in region; catalyst

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the ADB as a key climate-and-development arena

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  1. the ADB as a keyclimate-and-development arena Renato Redentor Constantino NGO Forum on the ADB Airlie Center, Virginia, US, Feb. 24, 2010

  2. Some background ADB: • Huge influence in region; catalyst • Flood of big infra projects is coming – member countries recently agreed to triple ADB’s capital base from $55 billion to $165 billion. • The 200% increase is ADB’s largest, and the first since ADB increased its capital by 100% in 1994. ADB has had five general capital increases in all. • Growth-fixated, market-driven. Forum: • Plus 250 community groups and organizations mostly across developing Asia • Full range of approaches • Reduce potential harm and undermine marketization program • Disempowerment of the institution

  3. A bit of context • ADB largely shunned climate issue before • Renewables and energy efficiency were treated like happy bunnies for a long time. • Growth-fixated, market-driven goals required/require large-scale, centralized energy options. • Catalyst with large (very bad) policy footprint

  4. Policy advances New Energy Policy: • Full-options review • Full-cost accounting • Greater attention to renewables and energy efficiency • Retained position on captive-use • Sustainable transport • Retention of position not to support nuclear projects. • Cautious approach to biofuels. • Still promotes fantasy of clean coal; disdains decentralized options etc. Related Policy devts: • Inserted climate and carbon accounting in new Safeguards policy • New Safeguards policy now covers all operations involving financial intermediaries • Disclosure policy new battleground for inserting more climate-relevant provisions

  5. $1 billion Clean Energy Program • Coal and Large Hydro Included • China and India – 66.14% of total energy investment and 72.6% CE investment • Minus coal and large hydro investments, $1B target for 2008 was reached. Subtract clean energy PEFs ($100M/yr), target not reached.

  6. Thanks

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