BAKU: The Asian Infrastructure Investment Bank (AIIB) has pledged $100 million to support climate transition projects in emerging Asia, Trend reports.
According to the bank, $75 million will be allocated to the Actis Asia Climate Transition Fund, with an additional $25 million available for co-investment alongside the Fund.
This initiative marks AIIB’s first climate transition-focused fund for the region, reinforcing its commitment to sustainable development and climate change mitigation. The Fund is set to invest in renewable energy, energy efficiency, and sustainable transportation solutions across emerging Asian markets.
“Our partnership with the Actis Asia Climate Transition Fund underscores AIIB’s dedication to financing sustainable infrastructure and fostering low-carbon solutions in Asia,” said Rajat Misra, AIIB Acting Vice President, Investment Clients.
In addition to addressing environmental concerns, the Fund aims to reduce gender gaps in the energy sector by promoting gender equality and offeri
ng learning opportunities for future investments.
The project aligns with AIIB’s broader climate strategy, targeting net-zero emissions while driving social and environmental impact across Asia.
Source: Trend News Agency