South Asia Subregional Economic Cooperation Green Fuel Development Initiative (ADB-56096-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • Bhutan
  • India
  • Maldives
  • Myanmar
  • Nepal
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 7, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 6, 2023

Disclosed by Bank Dec 8, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The regional knowledge and support technical assistance (TA) aims to support the South Asia region in transitioning from fossil fuels to carbon-free 'green fuels_ such as advanced biofuels and green hydrogen as well as green ammonia. As the energy sector's regional cooperation and integration, the TA will launch Green Fuel Development Initiative under the South Asia Subregional Economic Cooperation (SASEC) platform, which covers seven countries including Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka.

This initiative frameworks were endorsed by the SASEC energy working group meeting and its nodal officers meeting in June 2022. The TA will assess each country's and the region's market potential for various types of green fuels across multiple sectors including energy, transport, manufacturing, agriculture, and others. Transnational supply and value chains will also be analyzed. Based on the studies, the TA will also identify immediate applications of green fuels to help design pilot project schemes for demonstration purposes in selected countries. Subject to each country's conditions and requirements, development strategies and roadmaps will be provided in both country's and region's contexts. Eventually, various capacity and knowledge activities can be integrated to increase awareness of stakeholders on development and promotion of green fuels.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Responsible ADB Officer:

Kaoru Ogino - South Asia Department, Energy Division

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works