One of ADB’s priorities is the promotion of clean energy where over one-fourth or 27% of the total approved loans in 2008 supported projects with clean energy components. ADB’s Clean Energy Program is multi-faceted - it seeks to increase energy efficiency and the adoption of renewable energy technologies and to improve access to energy for the poor and remote households in the Asia Pacific Region. The Clean Energy Program aims to lower greenhouse gas (GHG) emissions while continuing to support projects that induce economic growth. ADB’s newly approved 2009 Energy Policy targets the annual lending for related programs to $2 billion by 2013. ADB’s energy programs include:
Energy efficiency economics and policy Gillingham, Kenneth, Richard G. Newell, and Karen Palmer Working Paper, National Bureau of Economic Research (June 2009)