ADB President Calls for New Pact to Deliver Clean Energy, Collective Action to Reinvent Ports - Asian Development Bank
Published January 22, 2026
ADB President Advocates for New Agreement to Achieve Clean Energy and Collective Efforts to Transform Ports
The President of the Asian Development Bank (ADB), Masatsugu Asakawa, has emphasized the urgent need for a new global agreement aimed at accelerating the transition to clean energy. In his address at the Asia Clean Energy Forum in Manila, he highlighted the importance of collective action among governments, businesses, and civil society to tackle the pressing challenges of climate change and energy access.
Asakawa underscored that the world is at a critical juncture in addressing these issues. He pointed out that the recent challenges posed by the COVID-19 pandemic and geopolitical tensions have underscored the fragility of energy systems and the necessity for a resilient and sustainable energy infrastructure. He stated, “We need a new pact to deliver clean energy for all, and we must act collectively to reinvent our ports and supply chains to support this transition.”
According to ADB, the demand for energy in Asia is expected to increase significantly, with the region accounting for more than half of the global energy consumption by 2030. This growth, coupled with the need to reduce greenhouse gas emissions, presents both challenges and opportunities for countries in the region. Asakawa emphasized the importance of innovative financing solutions and partnerships to facilitate investments in clean energy technologies.
Investments in Clean Energy Technologies
The ADB President highlighted that investments in clean energy technologies are critical to meeting the region's energy needs while also addressing climate change. He noted that countries in Asia need to invest an estimated $1.7 trillion annually in renewable energy and energy efficiency to meet their climate goals. Asakawa urged stakeholders to mobilize resources and explore new financing mechanisms, including public-private partnerships, to support this investment drive.
“Governments must create conducive policies and regulatory frameworks that encourage private sector investment in clean energy,” Asakawa stated. He also pointed out that innovative financing solutions, such as green bonds and climate funds, can play a vital role in unlocking capital for clean energy projects.
Reinventing Ports for a Sustainable Future
In addition to advocating for clean energy, Asakawa called for a collective effort to reinvent ports and supply chains to ensure they are sustainable and resilient. With the increasing demand for goods and services, ports play a crucial role in facilitating trade and economic growth. However, they also contribute significantly to greenhouse gas emissions and environmental degradation.
Asakawa noted that ports must evolve to meet the challenges of the 21st century, including climate change and the need for cleaner transportation options. He emphasized the importance of investing in green port infrastructure, which includes electrification, renewable energy integration, and sustainable logistics practices. “Ports must be at the forefront of the transition to a low-carbon economy,” he stated.
Collaboration and Partnerships
The ADB President stressed that achieving these ambitious goals requires collaboration and partnerships among various stakeholders. He called on governments, businesses, and civil society to work together to create a sustainable energy future. “No single entity can tackle these challenges alone. We must collaborate and share knowledge, resources, and best practices to achieve our common goals,” Asakawa remarked.
To support this collaborative approach, ADB is committed to providing technical assistance and financial support to its member countries in their efforts to transition to clean energy and reinvent their ports. The bank has already launched several initiatives aimed at promoting renewable energy, energy efficiency, and sustainable transport solutions in the region.
Conclusion
As the ADB President concluded his address, he reiterated the urgency of taking collective action to address the intertwined challenges of energy access and climate change. He urged stakeholders to seize the opportunity to invest in clean energy and reinvent ports, stating, “Together, we can build a sustainable future that benefits all and protects our planet for generations to come.”
As countries in Asia move forward with their energy transitions, the call for a new pact and collaborative efforts will be essential in shaping a sustainable and resilient energy landscape. The ADB remains committed to supporting its member countries in this endeavor, ensuring that the region can meet its energy needs while also contributing to global climate goals.