Alongside the GEAPP, the bank will support projects in India, Indonesia, Vietnam, Pakistan, and Bangladesh

 14 April 2023  Other News[Image: Peter Franken/Unsplash] Renews.biz

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The Asian Development Bank (ADB) and the Global Energy Alliance for People and Planet (GEAPP) have launched a new capital fund to accelerate clean energy access and transitions in countries across South and Southeast Asia including India, Indonesia, Vietnam, Pakistan, and Bangladesh.

GEAPP will provide an initial US$35m of catalytic capital towards the fund, which will be established and administered by ADB. 

With this partnership ADB and GEAPP aim to address the challenges of climate change and energy access and transition in Asia and beyond.

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