Asian Infrastructure Investment Bank (AIIB)

Since the beginning of the COVID19 pandemic in early 2020, Asian Infrastructure Investment Bank (AIIB) have committed at least USD 435.00 million to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

  • At least USD 95.00 million for unconditional clean energy
  • At least USD 100.00 million for conditional clean energy
  • At least USD 240.00 million for other energy

By energy type, no public finance identified for oil and gas.

Finally, no public finance identified for multiple fossil fuels.

A considerably larger amount of new public finance from Asian Infrastructure Investment Bank (AIIB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via Asian Infrastructure Investment Bank (AIIB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Updated: 7 April 2021


At least

$0

Supporting fossil fuel energy



At least

$195.00 million

Supporting clean energy

Asian Infrastructure Investment Bank (AIIB)

Since the beginning of the COVID19 pandemic in early 2020, Asian Infrastructure Investment Bank (AIIB) have committed at least USD 435.00 million to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

  • At least USD 95.00 million for unconditional clean energy
  • At least USD 100.00 million for conditional clean energy
  • At least USD 240.00 million for other energy

By energy type, no public finance identified for oil and gas.

Finally, no public finance identified for multiple fossil fuels.

A considerably larger amount of new public finance from Asian Infrastructure Investment Bank (AIIB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via Asian Infrastructure Investment Bank (AIIB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 7 April 2021

Policies and Finance

MDB Recipient Country Category Policy name Sector Energy Type Mechanism Value committed, USD Date of announcement Policy type Sub-Institution or Programme Receiving entity Stage Arm of Government Primary and secondary stated objective of the policy Policy background Links to official sources Links to additional sources
Asian Infrastructure Investment Bank (AIIB) Multiple Fossil unconditional Bundled – AIIB “Fossil Unconditional” Investments under $100 million since Jan 1 2... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 0 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects AIIB investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB) Multiple Fossil conditional Bundled – AIIB “Fossil Conditional” Investments under $100 million since Jan 1 202... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 0 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects AIIB investments made in "fossil conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB) Multiple Other energy Bundled – AIIB “Other Energy” Investments under $100 million since Jan 1 2020 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 40000000 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects AIIB investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB) Multiple Clean conditional Bundled – AIIB “Clean Conditional” Investments under $100 million since Jan 1 2020 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 0 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects AIIB investments made in "clean conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB) Multiple Clean unconditional Bundled – AIIB “Clean Unconditional” Investments under $100 million since Jan 1 20... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 95000000 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects AIIB investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB) Multiple Clean conditional ADM Capital [Elkhorn] Emerging Asia Renewable Energy Fund Multiple sectors Multiple energy types Equity injection or nationalis... 100000000 2020112525/11/2020 Fiscal ADM Capital [Elkhorn] Emerging Asia Renewable Energy Fund Several energy stages Public finance institution AIIB Project 000335. AIIB is an anchor investor in the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund, a closed-end private credit / debt fund that is being set up with a target fund size of $500 million. The Fund is being established, as a first time initiative in Asia, to help mobilize private institutional capital for providing short, medium and long-term debt financing solutions to small and medium-sized enterprises (SMEs) operating in the renewable energy and energy efficiency sector in emerging Asia.
"
https://www.aiib.org/en/projects/details/2020/approved/Multicountry-ADM-Capital-Emerging-Asia-Renewable-Energy-Fund.html
https://www.aiib.org/en/projects/details/2020/approved/_download/multicountry/AIIB-PSI-P000335_ADM-Capital-Emerging-Asia-Renewable-Energy-Fund-After-approvalNov-25.pdf
https://www.aiib.org/en/news-events/news/2020/First-of-its-Kind-Investment-Helps-Bridge-Financing-Gap-for-Small-and-Medium-Sized-Enterprises-in-Renewables-Sector.html" Accessed 15 Jan 2021
Asian Infrastructure Investment Bank (AIIB) Bangladesh Other energy Dhaka and West Zone Transmission Grid Expansion Project Power generation Multiple energy types Loan (Hybrid),loan guarantee (... 200000000 2020011717/01/2020 Fiscal People’s Republic of Bangladesh Several energy stages Public finance institution "AIIB Project 0000272. The proposed Project will include three components. Component 1: construction of substations with a total capacity of 4,450 megavolt-ampere (MVA) and transmission lines of 40 km in Greater Dhaka. Component 2: construction of substations with a total capacity of 2,990 MVA and transmission lines of 368 km and 20 bay extensions in Western Zone. Component 3: strengthening of institutional capacity of Power Grid Company of Bangladesh (PGCB). The objective of the proposed Project is to enhance the reliability and efficiency of power transmission in Dhaka and Western Zone of Bangladesh and strengthen institutional capacity of PGCB. NOTE #1: No information was found in the project page to suggest the project should be marked as ""true"" for ""access."" However, a correspoinding AIIB news release indicates the project will expand access. NOTE #2: As of December 8, 2020, IJ Global indicates that this project has not yet reached financial close."
"
https://www.aiib.org/en/projects/details/2020/approved/Bangladesh-Dhaka-and-West-Zone-Transmission-Grid-Expansion-Project.html
https://www.aiib.org/en/projects/details/2020/approved/_download/Bangladesh/PSI-P000272-Dhaka-and-Western-Zone-Transmission-Grid-Expansion-20200117_ptlupdate_II.pdf
https://www.aiib.org/en/news-events/news/2020/USD200M-AIIB-Loan-to-Help-Increase-Electricity-Access-in-Bangladesh.html
https://ijglobal.com/data/transaction/46675/dhaka-and-western-zone-transmission-lines-expansion-408km
https://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank Accessed 15 Jan, 2021