The Asian Development Bank (ADB) has officially joined the international Methane to Markets Partnership as a Project Network member
3 November 2006
ADB has extensive experience with clean energy projects, including methane recovery and use at landfills and coal mines. ADB is the second multilateral development bank to join the Methane to Markets Partnership after the World Bank, and its participation will bolster the capacity of the Asia Pacific region to mitigate global climate change.
As a Project Network member, Manila-based ADB will provide fresh opportunities for leveraging funds in future project investments. Most recently, ADB provided a $117 million loan to the Jincheng Anthracite Coal Group in Shanxi Province, China which is building the world's largest power plant fueled by coal mine methane.
