The Asian Development Bank (ADB) has co-hosted the Asia regional rollout of the International Year of Sustainable Energy for All, part of the UN’s global initiative for achieving universal access to modern energy by 2030.
The event brings together leading organizations, including The Energy and Resources Institute, UN-Energy, UNIDO, and the UN Foundation, to raise awareness of the importance of modern access to energy for human development.
ADB will play a leading role in the international initiative through its Energy for All and Clean Energy programs, and through the ADB-led Energy for All Partnership, which seeks to provide modern energy access to 100 million people by 2015. In less than 10 years, ADB’s annual clean energy investment has gone from $225 million in 2003 to nearly $2.2 billion in 2011. The demand from developing member countries for clean energy investments is likely to increase in the future.