ADB Raises 2019–2030 Climate Financing Goal to $100 Billion

The Asian Development Bank (ADB) has announced it is elevating its ambition to deliver climate financing to its developing member countries (DMCs) to $100 billion from 2019–2030. 

Earlier in 2018, ADB had announced an $80 billion goal for climate financing for developing countries in Asia during 2019-2030. The additional $20 billion in financing support will be used for climate mitigation efforts including low-carbon energy sources, climate adaptation projects, and private sector projects.