ADB Raises 2019–2030 Climate Financing Goal to $100 Billion

ADB Raises 2019–2030 Climate Financing Goal to $100 Billion

• 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 $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.

Source: ADB