UPSC CSE 2025 · PYQ · Environmental Finance / International Organizations · medium
Which one of the following launched the 'Nature Solutions Finance Hub for Asia and the Pacific'?
Answer
The correct answer is A: The Asian Development Bank (ADB). The Asian Development Bank (ADB) launched the 'Nature Solutions Finance Hub for Asia and the Pacific' in 2023 to scale up financing for nature-based solutions in the region. The hub aims to mobilize public and private capital for projects that conserve and restore ecosystems while…
A.The Asian Development Bank (ADB)✓ Correct
B.The Asian Infrastructure Investment Bank (AIIB)
C.The New Development Bank (NDB)
D.The International Bank for Reconstruction and Development (IBRD)
Explanation
The Asian Development Bank (ADB) launched the 'Nature Solutions Finance Hub for Asia and the Pacific' in 2023 to scale up financing for nature-based solutions in the region. The hub aims to mobilize public and private capital for projects that conserve and restore ecosystems while addressing climate change and supporting livelihoods.
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