Myanmar opened a new chapter in its history in November 2010 when it adopted its open-economy policy. Since then, an impressive array of reforms have been implemented. However, Myanmar’s sustainable and inclusive growth depends on it maintaining this momentum during its transition —particularly inflows of foreign direct investment.
Economic and political transition is never an easy process for any country and it will be no different for Asia’s fast awakening tiger, Myanmar.
With the urban population swelling the world over, it makes sense that we start—or go back to—designing cities for people too. People are a city’s principal raison d'etre.
The new Sustainable Development Goals (SDGs) are expected to bring a stronger focus on longer-term durability of development gains as opposed to the current approach which sees decision-making targeted at the shorter term. At present, businesses main focus is annual balance sheets; for development organizations it is annual results reporting; and for democracies there's cyclical elections.
A set of reports by the Intergovernmental Panel on Climate Change (IPCC), the last of which was released on November 2, 2014, sets the scene for governments to renew their efforts on the issue through ambitious commitments for a comprehensive climate agreement in Paris in December 2015.
The recent formal pledging session for the Green Climate Fund (GCF)—more than $9 billion in just 5 months—is by far the most successful resource mobilization ever seen for a multilateral climate fund. The US has pledged $3 billion, followed by Japan ($1.5 billion), UK ($1.13 billion), and Germany and France (with $1 billion each). Four developing countries—Indonesia, Mexico, Mongolia, and Panama—have made pledges, breaking the traditional donor boundaries.
Launched as a political bloc and security pact in the aftermath of the Viet Nam War, the Association of Southeast Asian Nations (ASEAN) has evolved to embrace an ambitious economic agenda. Its latest project is to establish the ASEAN Economic Community by 31 December 2015. But is this likely?
As part of No Impact Week, ADB officially turns on its second solar power plant on the rooftop of the new Third Atrium building at ADB’s headquarters in Manila, Philippines.
What if shifting from fossil fuels to renewable energy could result in citizens paying not more, but less for electrical power? That’s precisely the goal of an ADB-supported project in the Maldives.
New technology is rapidly changing our lives, and Tesla’s new Powerwall battery could very well become Neil Armstrong's one giant leap for mankind in electricity storage. Here are 10 megatrends that may shape the electricity industry in the next few years.