ADB urged anew to ditch ‘dirty’ fossil fuel projects | Cai Ordinario

6/16/2022 6:56:00 AM

If the region will meet the targets set under the Paris Climate accord, countries should avoid gas, which is considered to be a “false solution,” according to civil society organizations.

If the region will meet the targets set under the Paris Climate accord, countries should avoid gas, which is considered to be a “false solution,” according to civil society organizations.

IF the region will meet the targets set under the Paris Climate accord, countries should avoid gas, which is considered to be a “false solution,” according to civil society organizations. The Philippine Movement for Climate Justice (PMCJ) and Asian Peoples’ Movement on Debt and Development (APMDD) said multilateral development institutions…

IF the region will meet the targets set under the Paris Climate accord, countries should avoid gas, which is considered to be a “false solution,” according to civil society organizations.The Philippine Movement for Climate Justice (PMCJ) and Asian Peoples’ Movement on Debt and Development (APMDD) said multilateral development institutions such as the Asian Development Bank (ADB) should do better in terms of financing renewables instead of projects such as fossil gas financing.

This, PMCJ said, includes gas transmission and distribution pipelines, LNG terminals, storage facilities, gas-fired power plants, gas for heating and cooking, and midstream and downstream gas and oil projects subject to conditions.“Gas is a false solution to meet the energy needs of ADB developing member countries. It is not a transition fuel, and investing in it will hinder, rather than hasten the shift to reliance on non-resource-intensive, sustainable renewable energy. CCUS technologies, large-scale dams, and waste-to-energy incineration are also false solutions to the climate crisis,” PMCJ National Coordinator Ian Rivera said.

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