Current Affairs   »   ADB Raises 2019–2030 Climate Financing Goal...

ADB Raises 2019–2030 Climate Financing Goal to $100 Billion

ADB Raises 2019–2030 Climate Financing Goal to $100 Billion_50.1

The Asian Development Bank (ADB) has announced an increase in its climate financing goals 2019-2030 for developing member countries (DMCs) by $20 billion to $100 billion. Earlier in 2018, ADB had announced an $80 billion goal for climate financing for developing countries in Asia during 2019-2030. The additional $20 billion in financing support will be used for climate mitigation efforts including low-carbon energy sources, climate adaptation projects and private sector projects.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The fight against climate change will be won or lost in Asia and the Pacific, and we are committed to serving as a climate bank and a long-term climate partner for our region. The Manila-based lender will plan for climate adaptation financing of $34 billion, including agriculture, urban and water adaptation projects.

Important takeaways for all competitive exams:

  • President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.

Find More Business News Here

ADB Raises 2019–2030 Climate Financing Goal to $100 Billion_60.1

ADB Raises 2019–2030 Climate Financing Goal to $100 Billion_70.1

Thank You, Your details have been submitted we will get back to you.
Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *