Manila, 22 August 2022 (TDI): ADB offers innovative ideas that deal with climate change and aid economies in achieving the Global Goals, which abound in Asia and the Pacific.
Hence, Asian Development Bank (ADB) Ventures Head Sherwin Pu outlined how the bank is increasing its contributions for climate change action in the area. This has been shared in a tweet by an official account of ADB.
Asia and the Pacific is brimming with innovative solutions that can address climate change and help economies meet the Global Goals.
Sherwin Pu, Head of ADB Ventures, explains how the bank is scaling up investments for climate action in the region: https://t.co/CoIIZSlhzO pic.twitter.com/Y0zjiQcZhf
— Asian Development Bank (@ADB_HQ) August 22, 2022
ADB Ventures
ADB Ventures aims to provide a roadmap to invest in innovative technology businesses tackling the most pressing issues in the Asia Pacific region.
Apart from that, ADB Ventures intend to co-invest with similar commercial and transformative investors and their normal initial check is between $0.5 and $3 million.
Additionally, it can offer seed capital of up to $200k, which allowed ADB Ventures the choice to make added equity investments.
Along these lines, Equity, as well as seed contributions, are now offered through ADB Ventures. Besides this, in order to meet the needs for operating capital and project funding, the bank plans to soon begin providing bank loans.
Climate Investment Funds
Moreover, the purpose to carry forward the economic improvement, a series of actions about the entrepreneurs building the regional resilience to climate change have paved the way.
Furthermore, the visionaries decarbonizing Asia and the Pacific, and the corporate leaders working with them to scale have also funded climate change.
ADB Ventures: Smart Construction
About 11% of all greenhouse gas emissions worldwide have been caused by the construction industry. Construction here in a fast urbanizing Asia is likewise a necessary consequence of economic growth.
Adding to that, fortunately, new technologies promised to transform how structures and infrastructure are developed. This is so by making it cleaner, more environmentally friendly, and significantly less harmful to the environment.
