ADB Holds High-Level Dialogue on Climate Change in Asia and the Pacific, Announces Clean Energy Funds
19 June 2009: The Asian Development Bank's (ADB) High-Level Dialogue on Climate Change in Asia and the Pacific, which took place on 16-17 June 2009, in Manila, the Philippines, highlighted the special stake and role of Asian and Pacific countries in solving the climate crisis.
During the meeting, ADB's President Haruhiko Kuroda announced a doubling of the organization's annual clean energy spending target from US$1 to US$2 billion starting in 2013. The High-Level Dialogue, attended by over 500 participants and co-organized with The Energy and Resources Institute (TERI), invited global and regional leaders to share the latest thinking on climate impacts and their risks, mitigation efforts, emerging financing sources, UN climate negotiation developments, and other contemporary climate change topics. The event was held during a Climate and Clean Energy Week and in conjunction with the Fourth Asia Clean Energy Forum 2009. [High Level Dialogue]