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Activists and civil society groups said ADB's proposed mechanism undermines “just energy transition” in the region
The groups warned the bank that it will be missing the critical 1.5 Celsius climate goal should it approve the "fossil fuel-friendly draft"
The proposed police allows the bank to continuously support and finance fossil gas projects
ADB and other key financial institutions earlier expressed intention to pursue a scheme to buy out coal power plants
Greenpeace says ADB's draft police "falls short and completely misses the mark in responding to this decade’s realities"
Activists say ADB has to live up to its name and help foster sustainable Asian development