About the Asia Fossil Gas Alerts database: 

An unprecedented energy crisis is gripping Asia. The Multilateral Development Banks (MDBs) have a vital role to play in helping countries build their own energy security through sustainable renewable energy sources. But the MDBs are still financing fossil gas, especially LNG (Liquefied Natural Gas) as well as other high carbon-emitting fossil fuels.

This Asia Fossil Gas Alerts Database is a compilation of active and proposed red-flagged fossil gas and related fossil fuel finance projects by Multilateral Development Banks (MDBs) in Asia. It spotlights projects that may harm communities, the environment and the climate so that you can take action and stop the deal from happening.

The database also includes a large number of active projects that need monitoring.

The Asia Fossil Gas Alerts database contains project information on finance that is either active or pending approval. It shows the following data related to gas and other fossil fuel finance:

• World Bank Development Policy Finance (DPF)
• International Finance Corporation (IFC) direct and indirect investments (i.e., financial intermediary projects)
• Asia Infrastructure and Investment Bank (AIIB) direct and indirect investments
• Asia Development Bank (ADB) indirect investments

Asia Fossil Gas Alerts Database (World Bank DPF; IFC;  AIIB; ADB)

The Asia Fossil Gas Alerts Database is a compilation of active and proposed red-flagged fossil gas and related fossil fuel finance projects by Multilateral Development Banks (MDBs) in Asia. It spotlights projects that may harm communities, the environment and the climate so that communities and organisations can take action and stop the deal from happening.

The Recourse team collects, curates and verifies project-level information from publicly available MDB project databases. The project team red flags finance that has exposure to fossil gas as well as coal and oil. They include finance related to fiscal stimulus and energy sector reform. Users can raise the alarm to stop investment projects that carry potential social, environmental and climate risks.

Note that MDBs can delay project information disclosure due to loopholes in their public information policies. So please let Recourse know if you are made aware of projects that do not feature in the database so we can add them.

The databases will be updated every two weeks on the first and third Friday of the month.

Using the databases

The databases store information regarding individual projects in columns. Additional information regarding the projects (such as project number) can be employed in project search in the databases “Red-flagged” records indicate projects that involve proposed fossil fuel investments that are pending Board approval. These records are also coloured red for the viewing ease.

The databases contain information about the project number, company name, country and region, as well as approval date in individual columns. Any one of these criteria may  be used to filter and search for specific projects using the “filter” function at the top of the document. Information from several columns can be filtered simultaneously (by adding multiple conditions using the ‘add condition’ function within ‘filter’) to search for projects — you can, for example, look for projects that contain the name ‘bank’ in the project and are from Indonesia by specifying two conditions in the filter function.

In addition to filtering, it is also possible to ‘sort’ the information listed on the spreadsheets by using the ‘sort’ function. This function allows you to view the information sorted alphabetically (by, for example, project name) or by date (using information such as the projects’ approval date).

Finally, the ‘group’ function lets users view projects grouped by parameters such as country, region, environmental category or even red flags.