Kyrgyzstan|environment|May 4, 2023 / 07:05 PM
ADB to revise all financing mechanisms as part of climate agenda - Climate Envoy

AKIPRESS.COM - The Asian Development Bank is optimizing financing mechanisms, ADB Climate Envoy Warren Evans said at the 56th annual meeting of the ADB Board of Governors on May 4.

Warren Evans believes that today the world should be able to cope with the consequences and deal with the threats that arise from climate change.

"If we don't cut greenhouse gas emissions, all we have to do is fight disasters like in Pakistan," he said.

According to the Climate envoy, the Bank will continue to work in all sectors, but they will be revised as part of the climate agenda.

“We are optimizing everything we do – we will reduce greenhouse emissions, as well as increase the adaptability of groups vulnerable to the effects of climate change,” he explained.

Warren Evans said that most of the investments that were previously supported by the Bank will continue to be supported by ADB.

“Funding for education and health care will not be reduced as a result of this. Climate change contributes to the emergence of significant risks for health systems,” he stated.

The Climate Envoy also noted the importance and effectiveness of mass greening projects. However, he stressed that they are only part of the solution to the problem.

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