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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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