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
Sept 5 – Oct 5
National Teachers Month
“Pay teachers decent wages,
Pay attention to teachers!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
September
Monthly Observances:
Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 5)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: Family Week
Daily Observances:
Third Saturday: International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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