You are here

Vinod Thomas, head of ADB's Independent Evaluation Department, shares his thoughts on how official and private financing can deliver local and global benefits by making infrastructure "climate-harmonic."

The following are the key points of his opinion piece written for the ADB and published in the Economic Times, India's leading business newspaper:
 
  • Renewable energy.  Fossil fuels need to give way to renewable sources of energy supply.  But since the output variability from solar and wind sources is much higher than from coal-fired generation plants, solutions include battery storage, smart grids and demand measures, and integration of advanced weather forecast technology in renewable energy management.

 

  • Improved efficiency.  To deal with the unacceptable levels of city pollution and congestion, fuel and engine efficiency should be improved.  Such strategies include higher licensing fee for non-compliant vehicles, implementation of city-operated bicycle shares, low-emission car rentals, widening of sidewalks and development of multi-modal public transport around hub stations.

 

  • Social protection.  Infrastructure finance should aim for climate, environmental and social protection.  This involves strengthening transport networks, building in safer areas, improving drainage and flood barriers, and using early warning technology.