Home   »   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_4.1

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_5.1

Adani Group takes over management of Jaipur International Airport_90.1

ADB Raises 2019–2030 Climate Financing Goal to $100 Billion_7.1
About the Author

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.