Which one of the following launched the ‘Nature Solutions Finance Hub for Asia and the Pacific’?
Which one of the following launched the ‘Nature Solutions Finance Hub for Asia and the Pacific’?
Answer:
(a)
Moderate
Newspaper/CA
CA
The Asian Development Bank (ADB) launched the Nature Solutions Finance Hub for Asia and the Pacific at COP28 in December 2023. This initiative aims to mobilize at least USD 2 billion in investment programs that incorporate nature-based solutions, focusing on capital markets and other sources of private capital. The hub seeks to address the intertwined crises of nature and climate by developing innovative financing models and instruments to support nature-based climate actions and biodiversity conservation in the region.