ADB to allocate half of its lending to climate finance by 2030

The Asian Development Bank has set a target to allocate half of its annual lending to climate finance by 2030, increasing from the current 35%. The goal is a $100 billion contribution between 2019 and 2030. Additionally, the bank aims to boost private sector capital mobilization and address major development challenges in Asia.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fy6wa4e