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ADB has enhanced the climate financing goals 2019-2030 for developing member countries(DMCs). What is the new goal?
A)
$180 billion
B)
$140 billion
C)
$100 billion
D)
$80 billion

Correct Answer :   $100 billion


* The Asian Development Bank (ADB) has announced an increase in its climate financing goals 2019-2030 for Developing Member Countries (DMCs) by $20 billion to $100 billion.

* Earlier in 2018, ADB had announced $80 billion goal for climate financing for developing countries in Asia during 2019-2030.

* The additional $20 billion in financing support will be used for climate mitigation efforts including low-carbon energy sources, climate adaptation projects and private sector projects.

Published On : October 15, 2021
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