MANILA, PHILIPPINES – The 19th Asia Clean Energy Forum (ACEF) 2024, hosted by the Asian Development Bank (ADB) and co-organized with USAID and KEA, is convening in Manila from June 3-7. The forum, themed “Accelerating the Clean Energy Transition and Ensuring Energ...
Australian mining company Evolution Mining is transforming its 20-year-old Mount Rawdon gold mine into a massive 2 GW/20 GWh pumped hydro energy storage facility. The $7 billion project, located in southeast Queensland, will repurpose the existing pit as the lower reservoir and construct a new up...
ADB Unveils New Strategy to Boost Cambodia’s Economy The Asian Development Bank (ADB) has launched a comprehensive five-year strategy (2024-2028) to bolster Cambodia’s sustainable and inclusive economic growth. Key pillars of the strategy include: This strategy is closely aligned with...
ADB Invests $500 Million to Combat Plastic Pollution in Indonesia’s Waters The Asian Development Bank (ADB) has pledged a significant $500 million loan to bolster Indonesia’s fight against plastic marine debris, aligning with the country’s ambitious goal of reducing plastic...
In a significant boost to development efforts, the Asian Development Bank (ADB) and its donors have replenished the Asian Development Fund (ADF) with a record $5 billion. This substantial increase in funding will primarily benefit the poorest and most vulnerable nations in the Asia-Pacific region...