Climate finance for developing economies reaches $60.7B — ADB
Of the total amount of climate finance in 2022, $38 billion or 63 percent was dedicated to climate change mitigation projects, while the remaining $22.7 billion was used for climate change adaptation projects.
DEVELOPMENT BANK ‘It is encouraging to see the growth in MDB climate finance for low- and middle-income economies, particularly the rise in the amount of private sector finance mobilized. But we need to do more,’ said ADB Special Senior Advisor on Climate Change Warren Evans. | Photograph courtesy of ASIAN
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