June, 2017

Energy Sector Strategy: Sustainable Energy for Asia

Our Sustainable Energy for Asia Strategy sets out a clear framework for AIIB to invest in energy projects that will increase access to clean, safe and reliable electricity for millions of people in Asia. To implement the strategy, the Bank will support its members to do their part as expressed in the Paris Agreement to, "hold the increase in the global average temperature to well below 2 degrees Celsius above pre industrial levels and pursue efforts to limit the temperature increase to 1.5 degrees Celsius". It will achieve this by aligning its support with its members’ national energy investment plans, including their nationally determined contributions (NDC) under the Paris Agreement.

Initially, AIIB will focus on projects in renewable energy, energy efficiency, rehabilitation and upgrading of existing plants, and transmission and distribution networks. It will cooperate with other multilateral development banks, bilateral agencies and the private sector operating in Asia. Over time, it will also develop financial instruments and engage with potential financial intermediaries in renewable energy and energy efficiency investments.

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