ADB-WEF Report 2025 Highlights Asia-Pacific Lag in Grid Readiness Despite USD 729.4 Billion Clean Energy Investment.
International
On April 28, 2025, the Asian Development Bank (ADB), headquartered in Manila, Philippines, in collaboration with the World Economic Forum (WEF), based in Cologny, Switzerland, released the report titled "Energy Transition Readiness Assessment (ETRA) for Developing Asia and the Pacific."
- This marks ADB’s first initiative to evaluate the readiness of countries in the region to transform their energy systems, using a new framework based on WEF’s Energy Transition Index (ETI).
Main Point :- (i) The report highlights the urgent need for large-scale investments to modernize and interconnect power grids across developing nations in Asia and the Pacific, to effectively realize the benefits of the energy transition.
(ii) Clean energy investments in developing Asia grew by over 900% between 2013 and 2023, reaching USD 729.4 billion in 2023 — accounting for 45% of global clean energy investments.
(iii) According to the International Finance Corporation (IFC), an estimated USD 23 billion per year in concessional funding is required for India, ASEAN countries, and other Emerging Markets and Developing Economies (EMDEs) to unlock private capital for the energy transition.
About ADB
President: Masato Kanda
Headquarters: Mandaluyong, Philippines
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