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
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
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!
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#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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