Asian Development Bank to Invest $100Bn to Maximize Climate Impact

credit: Bloglet

The Asian Development Bank says it plans to invest $100 billion to fight climate change in Asia over the next decade.

The bank says the money will be used to help the region's cities, towns, and villages reduce their carbon emissions and become more energy- and transport-efficient, the BBC reports.

The bank says it will work with the public and private sector to "maximize" the region's climate impact.

"The reform is matched with an increased ambition to provide $100 billion of its own funds, across public and private sector operations, to climate finance from 2019 to 2030," the bank said in a statement.

The announcement comes a day after the Trump administration announced that the US is pulling out of the Paris climate accord. Read the Entire Article

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