BAKU, Azerbaijan, September 30. 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 offering 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.
