Global Banks Commit Billions to Sustainable Projects

Regional Development Banks Increase Funding for Climate Projects

In response to the growing need for climate financing and the urgency to address climate change, several regional development banks have announced substantial increases in funding for climate mitigation and adaptation projects. The World Bank, Asian Development Bank (ADB), and Inter-American Development Bank Group aim to become key players in supporting the green transition in Asia-Pacific and Latin America, with funding directed towards innovative climate technologies and renewable energy.