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ADB intends to provide $100 billion in climate financeADB intends to provide $100 billion in climate finance

ADB intends to provide $100 billion in climate finance

The Asian Development Bank intends to provide $100 billion in climate finance by 2030. This week, ADB launched an innovative financing mechanism for climate in the Asia-Pacific region, which will use guarantees from partners as leverage to accelerate much-needed investments in the fight against climate change by billions of dollars. The new program aims to mobilize up to $15 billion to finance projects aimed at reducing greenhouse gas emissions and increasing resilience to climate change.