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Home Business

ADB includes Pakistan in Energy Transition Mechanism

by Web Desk
02/12/2021
in Business, Economy
Reading Time: 1 min read
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ADB includes Pakistan in Energy Transition Mechanism
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Asian Development Bank (ADB) has confirmed that it includes Pakistan into its first-ever Energy Transition Mechanism aimed to support energy mix conversion over clean renewable solutions.

In a tweet, Special Assistant to Prime Minister on Climate Change, Malik Amin Aslam thanked President ADB Masatsugu Asakawa for confirming that it includes Pakistan into mechanism and also shared the confirmation letter.

Thx to President of @ADB_HQ for following up meeting at @COP26 with letter confirming #Pakistan entry into #EnergyTransitionMechanism along with #Philippines and #Indonesia and approval of grant funds to convert from #Coal2Clean under #CleanClimate vision of @ImranKhanPTI pic.twitter.com/PWKJ3mEDUk

— Malik Amin Aslam (@aminattock) December 2, 2021

Malik Amin Aslam said, initially, a prefeasibility study would be carried out in the selected countries to assess their energy mix and propositions for viable transition from existing fossil fuels to clean energy with least impact on the economy of the proposed country.

Tags: Asian development bankEnergy Transition Mechanism

Web Desk

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