ADB climate operations reach $3.7 billion in 2016

Manila, Feb 8 (IBNS): The Asian Development Bank (ADB) approved $3.7 billion in climate finance investments in 2016, according to recently released figures — marking a 42% boost from the $2.6 billion reached in 2015. Estimates show that in 2016, climate finance from ADB’s internal sources reached a record $2.65 billion for climate mitigation and $1.08 billion for climate adaptation.