ADB Renews Pact with IEA to collaborate on Energy Sector Sustainability and Resilience

The Manila-based Asian Development Bank (ADB) has renewed the Memorandum of Understanding (MoU) with the International Energy Agency (IEA) to further scale up collaboration and advance progress on sustainability on energy sector resilience in the Asia and the Pacific region.
The three-year agreement, upto 2023, will enable the two organisations to share knowledge and best practice in energy sector data and analysis, on-the-ground engagement, capacity building, technology and innovation among other areas.
The renewal agreement was signed on 9 July 2020 on the occasion of IEA’s Clean Energy Transitions Summit in Paris.
The first three-year MoU was signed between ADB and IEA in March 2017 to facilitate knowledge and analytical work to advance clean energy development in ADB’s developing member countries.
The renewed agreement will help to overcome critical knowledge and experience gaps blocking the development of sustainable energy systems in ADB’s developing member countries and enhance IEA’s data collection and capacity building efforts in Asia and the Pacific.