Global Banks Pledge Massive Investments in Sustainable Projects

Several regional development banks are responding to mounting pressure to provide climate financing to support the development of the green economy of low-income regions. This year, both the Asian Development Bank and the Inter-American Development Bank Group announced major climate investments aimed at the growth of renewable energy capacity in developing regions of the world. This is further supported by recent efforts but the World Bank Group. Since the first COP climate summit two years ago, COP26 held in Glasgow, development banks have been…