S1E101: Banking on change - unlocking Asia’s green transition

The Asian Development Bank is trying to bring green power to the people while curbing climate risks. It’s a huge challenge. Synopsis: Every first and third Monday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change. Asia is the economic engine of the world. This powerhouse region is growing quickly and so are its energy demands.  Millions of people still do not have access to electricity or clean cooking stoves. And its growing economies need affordable and reliable energy to power the region’s burgeoning industries. But Asia is also the world’s top source of greenhouse gas emissions heating up the planet. And these emissions, mainly from burning fossil fuels, are driving more severe flooding, droughts, fires and higher seas that are taking a huge toll on the region.  So how to bring power to the people without cooking the region and the planet? In this episode, ST's climate editor David Fogarty speaks with Dr Priyantha Wijayatunga, chief of the energy sector group at the Asian Development Bank, who is leading the ADB’s efforts to fund the region’s multi-trillion dollar energy transition.  Highlights of conversation (click/tap above): 1:22 What is the climate and energy challenge in Asia? 5:59 Is it possible to meet the region’s energy needs while reducing the climate risks? 13:25 Are you the man in the hot seat driving the region’s green transition for the bank? 14:47 For SE Asia, what’s the current trend for green energy investment? 16:31 What is the ADB’s US$100 billion climate fund and how is it working? Produced by: David Fogarty ([email protected]), Ernest Luis & Hadyu Rahim Edited by: Hadyu Rahim Follow Green Pulse Podcast here and rate us: Channel: https://str.sg/JWaf Apple Podcasts: https://str.sg/JWaY Spotify: https://str.sg/JWag Google Podcasts: https://str.sg/J6EV  Website: http://str.sg/stpodcasts Feedback to: [email protected] Follow David Fogarty on Twitter: https://str.sg/JLM6 Read his stories: https://str.sg/JLMu --- Discover more ST podcast channels: In Your Opinion: https://str.sg/w7Qt Asian Insider: https://str.sg/JWa7 Health Check: https://str.sg/JWaN Green Pulse: https://str.sg/JWaf Your Money & Career: https://str.sg/wB2m ST Sports Talk: https://str.sg/JWRE #PopVultures: https://str.sg/JWad Music Lab: https://str.sg/w9TX Discover ST Podcasts: http://str.sg/stpodcasts Discover BT Podcasts: https://bt.sg/pcPL --- Special edition series: True Crimes Of Asia (new): https://str.sg/i44T The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2 Invisible Asia (9 eps): https://str.sg/wuZn Stop Scams (10 eps): https://str.sg/wuZB Singapore's War On Covid (5 eps): https://str.sg/wuJa --- Follow our shows then, if you like short, practical podcasts! #greenpulseSee omnystudio.com/listener for privacy information.