ADB hikes annual climate change financing to $6B (Business Mirror (Philippines)) | Lao Tribune

ADB hikes annual climate change financing to $6B (Business Mirror (Philippines))

THE Manila-based Asian Development Bank (ADB) announced that it is doubling its annual climate financing to $6 billion by 2020 in the Asia-Pacific region, the first time the bank adopted a financing target for climate-related investments. The announcement, made by ADB President Takehiko Nakao, came ahead of the adoption of the 17 Sustainable Development Goals (SDGs)…