THE Asian Development Bank (ADB) has proposed the creation of national green financing vehicles to catalyze environmentally and financially sustainable infrastructure investments in Asia and the Pacific.
In a report titled “Catalyzing Green Finance: A Concept for Leveraging Blended Finance for Green Development” released on Tuesday, the Manila-based multilateral lender highlighted the constraints for developing a large pipeline of bankable green infrastructure projects and calls for an integrated approach to transforming country financial systems.
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