A number of low-carbon growth strategies are being explored in different sectors within the region:
The Region’s energy sector engagement is already well structured and includes:
• Support for projects aiming to increase efficiency of energy production and transmission, for example through rehabilitation of coal-fired power plants;
• Promotion of alternative technologies, including hydropower and small renewable power installations serving rural populations;
• Reducing barriers to more efficient energy use in small and medium-sized enterprises, public utilities, and agriculture;
• An array of carbon finance for transmission, hydropower, and coal rehabilitation and replacement projects, as well as for other energy projects.
Lending in the transport sector is aimed at making transport safer, cleaner, and more climate friendly, particularly in urban areas. Principal programmatic strands and examples of engagement include:
• Reducing institutional, policy, and financial barriers to implementation of climate-friendly urban transport approaches: Sustainable Urban Transport Project, India;
• Promotion of efficient and accessible public transport options: Karnataka Clean Road Transport Project, India;
• Assessment of benefits from upgrading national and state highways: Highway improvements baseline methodology study, India;
• Strengthening institutional and regulatory framework for air pollution control: Bangladesh Clean Air and Sustainable Environment Project.
The Region is planning to use its lending and technical assistance operations in the urban sector as the main platform to help the municipalities and utilities to improve solid waste management and power use efficiency to reduce greenhouse gas emissions and utilize carbon funds. Solid waste management projects under preparation include the Punjab Sold Waste Management Project (Pakistan) and the Kabul Urban Waste Management Project (Afghanistan).
The Region will work to deliver current carbon finance transactions under the Clean Development Mechanism of the Kyoto Protocol in a way that reduces transaction costs, supports sustainable development, builds capacity, and reaches and benefits the poorer communities of the region.