ADB and Japan signs agreement to strengthen cooperation on clean energy in ASEAN region

The Asian Development Bank (ADB) and Japan’s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation (MoC) to enhance their joint efforts to promote clean energy in Southeast Asia.

The MOC will strengthen cooperation between the two organizations under the Cleaner Energy Future Initiative for ASEAN (CEFIA). The cooperation will focus on the areas of renewable energy, energy conservation and efficiency, and other technologies that will facilitate the transition to low-carbon energy. Under the MOC, ADB and METI will conduct consultations and advise on the development and implementation of CEFIA’s flagship projects. The two organisations will also develop policy research and capacity building activities, as well as share data analysis, knowledge, and experiences in the energy sector.