Na and Sonphet Chantahun in Vientiane province, Laos, where climate change has disrupted harvests and lifestyles. Oxfam supports farming-dependent communities to grow adapted rice, and use a speaker system for early warnings when there is a flood. Photo: Bunney/Oxfam
THE AIIB'S ENERGY OPPORTUNITYHow the Asian Infrastructure Investment Bank's energy lending can chart a new path of sustainable developmentThe new Asian Infrastructure Investment Bank (AIIB) will be a major new funder of infrastructure in developing Asia, where demand for power is growing faster than any other region in the world. Done right, its energy lending could promote an inclusive and sustainable Asian energy transition. This report sets out a vision for an AIIB partnership with the region's most climate vulnerable countries. This could forge a new path of economic development and confirm a new era of Southern climate leadership.
Bangladesh is one of the world's most climate-vulnerable countries, yet at the same time it has demonstrated climate leadership, particularly in pioneering solar energy for all. The government has committed to ensuring access to affordable and reliable electricity for all citizens by 2021. This briefing note examines how appropriate lending for energy projects by international financial institutions (IFIs) can help Bangladesh to implement the Paris Agreement on climate change and Sustainable Development Goal 7 on universal energy access-and blaze a new sustainable development pathway.
This year, the World Bank is holding its Annual Meetings in Asia. This is a region that will be key to the success of the global energy transition, and at the same time has much to lose if it does not happen fast enough, because its people are so vulnerable to climate change. The most climate-vulnerable Asian countries are spearheading a new form of climate leadership and have set visionary goals. How can the World Bank, together with other international financial institutions (IFIs), support them to turn these bold commitments into reality?
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