Sunday, Apr 14 2024 | Time 00:18 Hrs(IST)

ADB commits climate finance of almost 10 bln USD in 2023

ADB commits climate finance of almost 10 bln USD in 2023

Manila, Feb 1 (UNI) The Asian Development Bank (ADB) on Thursday said it committed 9.8 billion U.S. dollars in climate finance from its resources in 2023, a more than 46 percent increase on its 2022 climate financing commitments.
The ADB said its climate finance in 2023, which includes 5.5 billion dollars for mitigation and 4.3 billion dollars for adaptation, has helped its developing members in Asia and the Pacific cut greenhouse gas emissions and adapt to the impacts of a warming planet.
"Climate change threatens the future of all development. 2023 was the hottest year on record and saw a swath of extreme, deadly climate impacts in our region," said ADB President Masatsugu Asakawa, adding that the crisis threatens energy and food security and creates fiscal challenges.
As Asia and the Pacific's climate bank, the ADB said it aims to provide 100 billion dollars in climate financing from its resources from 2019 to 2030.
In 2022, the ADB committed 6.7 billion dollars of climate finance from its resources, including 4 billion dollars for mitigation and 2.7 billion dollars for adaptation.

More News

N Korean leader hosts Chinese Parliament speaker in Pyongyang for talks

14 Apr 2024 | 12:13 AM

Pyongyang, April 13 (UNI) North Korean leader Kim Jong Un welcomed Chinese parliament speaker Zhao Leji to Pyongyang on Saturday as the two countries mark the 75th anniversary of their diplomatic relations, the media reported.

see more..

Israel warns Iran of "consequences" for escalating tensions

14 Apr 2024 | 12:11 AM

Jerusalem, April 13 (UNI) Israel Defence Forces Spokesman Daniel Hagari warned Iran on Saturday that it "will bear the consequences for choosing to escalate the situation any further."
Hagari made the remarks in a statement following reports that Iran's Islamic Revolutionary Guard Corps (IRGC) Navy had seized an Israeli-linked cargo ship earlier in the day.

see more..

Iran seizes Israeli-linked container ship near Strait of Hormuz

14 Apr 2024 | 12:09 AM

Tehran, April 13 (UNI) The Navy of Iran's Islamic Revolutionary Guard Corps (IRGC) seized an Israeli-linked cargo ship near the Strait of Hormuz on Saturday, the official news agency IRNA reported.

see more..

At least 11 killed in gun attacks near Pak border with Afghan

14 Apr 2024 | 12:07 AM

Islamabad, April 13 (UNI) At least 11 people were killed by gunmen in two separate attacks that happened overnight near the Pakistani border with Afghanistan, Pakistani media reported on Saturday.

see more..

Kazakh President cancels Astana international forum over floods

13 Apr 2024 | 11:38 PM

Astana, April 13 (UNI) Kazakh President Kassym-Jomart Tokayev has cancelled the Astana International Forum (AIF) scheduled for June 13–14 over the large-scale floods that have hit the country and the need to save financial resources to address the disaster’s aftermath, the president’s press service said on Saturday.

see more..