$2 billion USD
Andrew Achimu, Senior Communications Specialist
+63 2 8632 4871
The Asian Development Bank (ADB) launched a Nature Solutions Finance Hub for Asia and the Pacific at COP28 which aims to attract at least $2 billion into investment programs that incorporate nature-based solutions, particularly focused on capital markets and other sources of private capital. The hub will deploy a range of financing measures to reduce risks in nature-based solutions projects such as guarantees, impact-linked payments, and blended finance options. The hub is targeting about $1 billion in such de-risking funds from global development partners with advanced discussions underway with several entities.
Asian Development Bank (ADB)
The fund aims to attract at least $2 billion into investment programs that incorporate nature-based solutions, particularly focused on capital markets and other sources of private capital. Nature-based solutions are features incorporated into the design of projects—both traditional infrastructure and direct nature-conservation projects—that protect, manage, and restore natural ecosystems while still enabling a country or community’s growth, a win-win for biodiversity and people. Restoring mangroves and reforesting wetland areas, for example, can restore biodiversity, protect natural habitats, absorb carbon, improve resilience to climate change, and shore up food security and ecotourism for local communities. The fund will focus on the Asia and the Pacific region, where nature loss threatens two-thirds of GDP, and hence the hub is a much required platform for bringing technical and financing solutions o this theme in the region.
East Asia and Pacific