Japanese Companies and ADB Plan $750M Green Energy Fund in Asia

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Japanese Companies and ADB Plan $750M Green Energy Fund in Asia

by Vikas Vij

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Public-private partnerships invest in alternative #energy projects throughout #Japan http://bit.ly/1PKoR36 via @Justmeans #SRI
Tuesday, September 29, 2015 - 8:00am

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The rapid economic growth enjoyed by many of the Asian countries has brought with it acute power shortages and given rise to serious environmental issues. Large amounts of capital investments in alternative energy projects are required to address these challenges. The best way forward is to promote public-private partnerships for large-scale investments in sustainable energy projects.

Looking at the growth potential in the Asian environmental industry, some of the leading Japanese financial companies have teamed up with the Asian Development Bank (ADB) to establish a $750 million fund. This fund named Asia Climate Partners will invest in Asia’s alternative energy industry. The fund expects to attract more investments from various private and public partners in the future.

Asia Climate Partners will be the first ADB fund investing in the environmental industry to be run jointly with Japanese financial institutions. Participants include Bank of Tokyo-Mitsubishi UFJ, Orix, and Sompo Japan Nipponkoa Insurance. With public and private investors joining hands to cultivate environment-related industries in Asia, the market is expected to expand for Japanese technology businesses.

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Image Credit: Flickr via cuxclipper

Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.

Keywords: Sustainable Finance & Socially Responsible Investment | Asia | Cause Global | Energy | Green Companies | Innovation & Technology | Japan | Justmeans | Responsible Business & Employee Engagement | best practices

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