Question Details

Which one of the following launched the ‘Nature Solutions Finance Hub for Asia and the Pacific’?

Options

A

The Asian Development Bank (ADB)

B

The Asian Infrastructure Investment Bank (AIIB)

C

The New Development Bank (NDB)

D

The International Bank for Reconstruction and Development (IBRD)

Show Answer

Correct Answer :

Option A

The Asian Development Bank (ADB)

Solution :

The correct option is The Asian Development Bank (ADB).

The 'Nature Solutions Finance Hub for Asia and the Pacific' was officially launched by the Asian Development Bank (ADB) during the United Nations Climate Change Conference (COP28) in Dubai.
The primary objective of this hub is to attract and scale up nature-positive investments in the Asia-Pacific region by leveraging public and private finance. It aims to mobilize resources to conserve biodiversity, restore degraded ecosystems, and promote sustainable nature-based solutions to combat climate change challenges in the region.

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