ADB
ADB launches Environment Action Plan to boost nature-positive investments
The Asian Development Bank (ADB) has launched its Environment Action Plan 2024–2030 presenting a road map for addressing the impacts of the triple planetary crisis of biodiversity loss, pollution, and climate change in Asia and the Pacific.
HKMA partners multilateral organizations to enhance strategic partnership for climate investment in Asia
The Hong Kong Monetary Authority (HKMA), has joined hands with multilateral organizations, including the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and International Finance Corporation (IFC), a member of the World Bank Group, to announce a strategic partnership to enhance strategic partnership for climate investment in Asia.…
CAREC launches regional climate fund to strengthen regional collaboration on climate resilience
Member countries of the Central Asia Regional Economic Cooperation (CAREC) Program have endorsed a new Climate Change Action Plan (CCAP) and launched the CAREC Climate and Sustainability Project Preparatory Fund (CSPPF) to strengthen regional collaboration on climate resilience, low-carbon growth, and sustainable development.
Climate finance by multilateral development banks hits record in 2023
Multilateral development banks (MDBs) announced on last Friday that their global climate finance reached a record high of $125 billion in 2023.
ADB sharpens strategic focus, accelerates efforts to combat climate change in Asia and the Pacific
The Asian Development Bank (ADB) has approved an ambitious new road map to guide its evolution and scale up its support on key challenges facing Asia and the Pacific, including accelerated efforts to combat climate change and expand private sector development.
ADB signs $50M commitment to accelerate energy transition in Asia and the Pacific
The Asian Development Bank (ADB) has signed a $50 million commitment to Actis Asia Climate Transition Fund, an infrastructure fund managed by Actis, a global sustainable infrastructure investor, to help accelerate the clean energy transition and address development challenges arising from climate change impacts in Asia and the Pacific.
ADB, LPBank sign $80M loan package to expand access to finance for women-owned SMEs in Vietnam
The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) have signed a financing package of up to $80 million to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Vietnam.
ADB doubles climate financing as transactions hit new high
The Asian Development Bank (ADB) said Thursday it doubled to $1 billion the amount of climate financing from its private sector operations in 2023, with 75 percent of its projects including climate-related funding.
New Zealand commits $25M for ADB’s Energy Transition Mechanism
The government of New Zealand has committed $25 million to the Asian Development Bank’s (ADB) Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia.
ADB readies ASEAN Climate Finance Policy Platform
The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy Platform, which will support Southeast Asian finance ministry leaders in advancing collective action in the battle against climate change, ADB President Masatsugu Asakawa announced Wednesday.
