Environment
ADB to provide $10 billion climate finance for Philippines
The Asian Development Bank (ADB) said on Monday it will allot $10 billion in climate finance for the Philippines between 2024 and 2029.
Aboitiz lender helps fortify LGUs against disaster
City Savings Bank (CitySavings), the thrift subsidiary of Aboitiz-led Union Bank of the Philippines (UnionBank), has linked up with Komunidad and Aboitiz Foundation in a partnership reinforcing disaster risk reduction programs for two local government units (LGUs).
US touts climate leadership as oil and gas output hits record
U.S. Vice President Kamala Harris sought to claim the mantle of global climate leadership for the United States on Saturday in a speech to the COP28 summit, listing a slew of initiatives to cut emissions and harness renewable energy in the world's largest oil and gas producer.
Indonesia, ADB, owners agree to shutter first coal-fired power station early
Indonesia and the Asian Development Bank have agreed a provisional deal with the owners of the Cirebon-1 coal-fired power plant to shutter it almost seven years earlier than planned, the ADB's senior climate change energy specialist told Reuters.
COP28 summit opens with hopes for early deal on climate damage fund
As global leaders gather in Dubai for the world's U.N. climate conference, delegates hope to clinch an early victory on a disaster fund on Thursday before the summit turns its focus to fossil fuels and other divisive topics.
