Manila
The Asian Development Bank (ADB) said on Tuesday that it is ready to play a leading role in helping Asia and the Pacific meet its Nationally Determined Contributions (NDCs) under the Paris Agreement and achieve net-zero emissions by mid-21st century.
Addressing the Asia Clean Energy Forum (ACEF) 2021, ADB President Masatsugu Asakawa said now is the time for bold action.
“We must commit wholeheartedly to fighting climate change and meeting the emission-reduction goals under the Paris Agreement, while ensuring universal energy access in a region where more than 200 million people still lack access to electricity,” he said.
This will require major changes in the energy sector including avoiding fossil fuels, switching to low-carbon fuels, deploying more renewable energy, and improving energy efficiency among others, said Asakawa.—TLTP
