The Asian Development Bank (ADB) on Wednesday said it is planning to issue its first Clean Energy bond to support renewable energy projects in Asia.
The bond is expected to be issued in September, targeting Japanese retail investors. The bond issue will be arranged through HSBC Securities (Japan) Ltd. and will be sold across Japan by more than 20 securities firms.
The bond will have four tranches — one denominated in Australian dollars, another in Turkish lira, and two others in Brazilian real – carrying four- and seven-year tenors.
ADB said it intends to help the region meet its energy security needs, facilitate a shift to a low-carbon economy, and ensure everyone in the region has access to energy.
“Clean energy is a crucial element in the fight against poverty in Asia and the Pacific,” ADB President Haruhiko Kuroda said in a statement Wednesday.
The insufficient energy investment in Asia is preventing many developing countries and individuals from reaching their full potential. There are 800 million people without access to electricity and 1.8 billion relying on biomass fuels for cooking and heating, according to the bank.
ADB said it is eyeing $2 billion a year in renewable energy investments by 2013. Between 2005 and 2009, ADB’s total clean energy investments exceeded $5 billion. —JE, GMANews.TV
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
