Asian Development Bank recommends green finance for South-east Asia’s economic recovery | Malay Mail

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KUALA LUMPUR, Oct 7 — Asian Development Bank (ADB) urges policymakers in South-east Asia to use green and innovative financing approaches to help catalyse the estimated US$3.1 trillion (RM12.9 trillion) investments required for climate-adjusted infrastructure in the region by 2030. In its...

Wednesday, 07 Oct 2020 04:40 PM MYT

, ADB said the investments from both public and private sources will be critical to the region’s economic recovery from the Covid-19 pandemic. “While some countries have embarked on green projects and bonds, much more needs to be done to help South-east Asia’s economies meet their large financing needs and accelerate economic recoveries in a sustainable manner,” ADB said.

 

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