2 May 2023
Using a leveraged guarantee mechanism, ADB’s initial ambition of $3 billion in guarantees could create up to $15 billion in much-needed climate investment—the first time any multilateral development bank has adopted a program of this kind.
Using a leveraged guarantee mechanism, ADB’s initial ambition of $3 billion in guarantees could create up to $15 billion in much-needed climate investment—the first time any multilateral development bank has adopted a program of this kind.
Aside from changing weather patterns and rising sea levels, the impacts of climate change become all the more magnified when viewed from the lens of public health.
Climate change is the critical issue of our lifetime and the past 12 months have rammed home that fact. In Asia and the Pacific, hundreds of millions of people have been impacted by large-scale flooding, drought, typhoons & cyclones