The Board of Directors of the Asian Development Bank (ADB) recently updated and approved the organization's energy policy. The ADB's "2009 Energy Policy", as with previous energy policies, serves to "guide ADB operations in the energy sector". Climate change, and the need for a clean, sustainable energy for Asia were primary considerations for the energy policy update. The new energy policy aims to achieve the following objectives: (1) promote energy efficiency and renewable energy, (2) maximize energy access for all, and (3) promote energy sector reform, capacity building and governance. With respect to renewable energy, "ADB will facilitate wider deployment of clean energy technologies by raising awareness, promoting policy and regulatory incentives to encourage their use, and financing packages that share risks and lower costs. Considering the global interest in biofuels, ADB will support further studies to assess the costs and benefits of sustainable biofuels development, particularly on food security, the net energy balance of crops, and environmental impacts". The complete ADB 2009 Energy Policy report can be accessed at the ADB website (URL above)..