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On 13 September, the Asian Development Bank (ADB) and Electric Networks of Armenia Closed Joint-Stock Company (ENA) signed a $35 million deal to improve electricity distribution networks to ensure reliable electricity supply in Armenia, particularly in the provinces. 
 
The Leading Asia’s Private Infrastructure Fund (LEAP) administered by ADB, provided $15 million to supplement the $20 million loan from ADB. The project will fund the second phase of ENA’s long-term investment program, which aims to further expand electricity access in Armenia’s provinces.
 
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This report briefly describes the main technology and process options available to refinery companies for capturing CO2 from the various process flue gases.
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Building on the momentum and success from the first inaugural equity fund, ADB Ventures is setting up a second investment fund to address ongoing market financing gaps to support early-stage and growth companies in scaling up their operations. According to the ADB Ventures newsletter, the new fund will offer debt-based products to enhance the operations of climate-focused companies.
 
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The Philippines remains acutely vulnerable to climate change and challenges for financing climate actions are made worse by the COVID-19 pandemic. In 2021, the Philippine government announced its new climate targets in the Nationally Determined Contribution under the Paris Agreement, committing to 75% reductions in GHG emissions from 2020 to 2030. This is the most ambitious target among the ASEAN countries. The government has requested the development of a cross-sectoral climate change policy-based loan to drive economy-wide climate action in the country.
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The Board will discuss today the working paper of the proposed new Energy Policy. After conducting a series of pre-Board meetings, we hope this Board meeting will facilitate a consensus around the spirit and direction of the new Energy Policy which will guide energy sector operations in addressing the needs of ADB developing member countries (DMC) and supporting their clean energy transition in particular. Board consideration for the R-paper of the proposed new Energy Policy is scheduled for 20 October.
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In this summary of the chapter on air pollution of Greening Markets: Market-Based Approaches for Environmental Management in Asia, the authors provide an overview and assessment on the suitability of using different market-based instruments to address air pollution caused by energy production, industry, transport, and household fuel use in Asia. Recommendations and enabling conditions are provided for the use of specific interventions for more efficient and effective air quality management.

  

 

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