06/05/2024
๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ญ๐ฌ๐๐ฅ๐ ๐๐ฌ ๐๐ฅ๐ข๐ฆ๐๐ญ๐ ๐๐๐ง๐ค ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐ซ๐๐ ๐ข๐จ๐ง
๐ต๐ฆ ๐๐๐๐๐๐๐ก๐ ๐พ๐๐๐๐, ๐๐ด๐ถ๐๐ธ๐๐ ๐ธ๐๐๐ก๐๐ ๐๐ ๐๐๐๐๐๐ ๐, ๐บ๐๐๐๐๐๐
The Asian Development Bank (ADB) has reformed and positioned itself as the climate bank for the Asia Pacific region.
And the bank has matched it with an ambitious pledge to raise USD$100 billion from its own resources by 2030 for climate action โ going beyond an earlier USD$80 billion commitment.
In November last year, the ADB launched its Climate Change Action Plan 2023-2030 โ which sets out a new operating model for the Manila-based multilateral development bank.
In the seven years, until 2030, ADB will enhance its role as the climate bank, increase support for private sector development, deliver innovative, knowledge-driven, and integrated solutions, and modernise its ways of working.
The bankโs climate envoy, Warren Evans says this new shift will continue the focus on adaptation and mitigation. Heโs confident the bank will raise its USD$100 billion target to deliver climate action.
โIn 2023 alone, we were able to deliver US$9.8 billion in climate finance โ USD$5.5 billion for mitigation and USD$4.3 billion in adaptation projects. Itโs achievable, he told journalists at the ADB Annual Meeting in the Georgian capital, Tbilisi.
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Home Breaking News ADB positions itself as climate bank for the Asia Pacific region Photo: ADB Breaking NewsNews ADB positions itself as climate bank for the Asia Pacific region By Makereta Komai - May 5, 2024 0 61 FacebookTwitterPinterestWhatsApp The Asian Development Bank (ADB) has reformed and po...