| Project Detail |
Project Name
Decarbonization of Hard-to-Abate Industrial and Maritime Sectors
Project Number
57207-001
Country / Economy
Regional
India
Philippines
Turkmenistan
Project Status
Active
The knowledge and support technical assistance (TA) will support DMCs in decarbonization of hard-to-abate sectors. While this transition is already underway in some countries, the pace of transformation needs to be accelerated across DMC development paths consistent with the goals of the Paris Agreement. This transition needs to be just and inclusive, ensuring affordable, reliable, and equitable access to energy services. The TA is aimed at supporting: (i) upstream work and pipeline origination work across multiple countries, (ii) information sharing from larger more advanced economies to less development economies, and (iii) regional cooperation especially since sectors such as cement, steel, fertilizers, petrochemicals work best under regional and global standards; cooperation agreement can lead to effective trade arrangements. The proposed TA will assist DMCs with a comprehensive package of solutions including (i) the preparation of sectoral and country-specific assessments; (ii) the development of new business models, pre-feasibility reports, and other technical studies; (iii) the conduct of workshops and policy dialogues; (iv) institutional capacity building exercises on decarbonization technologies; and (v) the development of pilot and project investment pipelines to be financed by ADB and other development partners. |
