Developing Private Sector Industrial Decarbonization and Green Building Opportunities in Southeast Asia (ADB-58090-001)

Regions
  • East Asia and Pacific
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Cambodia
  • Indonesia
  • Philippines
  • Thailand
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Southeast Asia
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
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
Oct 31, 2024
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.
Borrower
Borrowers not available at the time of disclosure
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.90 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.
Project Cost (USD)
$ 0.90 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.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 29, 2025

Disclosed by Bank Oct 31, 2024

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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.

According to the Bank’s website, the proposed regional private sector technical assistance (TA) will focus on developing private sector industrial decarbonization and green building opportunities in Southeast Asia. The TA will support private sector business development and investment activities focused on hard-to-abate sectors such as industrial decarbonization and green buildings. These two sectors were identified in the Private Sector Operations Department's Climate Finance Ambition Plan as areas for ADB to increase its lending based on commercial and climate mitigation potential. The two sectors also have a natural synergy since the scope three emissions of the building sector are closely linked to the scope 1 and 2 emissions of the industrial sector (such as cement and steel). The geographic coverage of the TA will include Developing Member Countries in Southeast Asia, initially focused on the Philippines, Indonesia, Thailand, Viet Nam and Cambodia.

The TA activities will include market and sector analysis (including an assessment of midstream and upstream barriers and supportive policy incentives), client outreach, preliminary screening of project opportunities, development of an investment pipeline and preparation of further funding applications, project structuring, and ADB transaction processing. This combination of activities will help contribute to PSOD's climate finance targets while also promoting a OneADB approach under the new operating model (NOM) through analysis of midstream and upstream constraints in these sectors, in collaboration with other departments including SERD, OMDP, CCSD and SG. PSOD will hire consultants to lead the activities above, with oversight and guidance from the PSIF2 team based in Bangkok.

The TA is envisioned to support business development of climate finance opportunities in the industrial decarbonization and green buildings sectors, with an initial focus on Cambodia, Indonesia, the Philippines, Thailand, and Viet Nam. The TA will involve market research, origination, and preliminary screening of potential investment opportunities to develop an investment pipeline, as well as preparation of further funding applications, due diligence, and ADB financing.

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

Grant (United Kingdom-ASEAN Catalytic Green Finance Facility Trust Fund): US$ 200,000.00

Grant (Canadian Climate Fund for the Private Sector in Asia under the Clean Energy Financing Partnership Facility): US$ 700,000.00


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.

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