{"id":77216,"date":"2023-05-03T01:10:30","date_gmt":"2023-05-03T01:10:30","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/"},"modified":"2023-05-03T01:10:30","modified_gmt":"2023-05-03T01:10:30","slug":"adb-boosts-climate-funding-with-usd-15-bn-loan-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/","title":{"rendered":"ADB boosts climate funding with USD 15 bn loan facility"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>ADB steps up focus on climate funding: <\/strong>The Asian Development Bank (ADB) is setting up a funding guarantee facility that could unlock USD 15 bn to combat climate change, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-05-02\/adb-s-new-climate-program-to-offer-up-to-15-billion-in-loans-lh5s0zuy?srnd=green&leadSource=uverify%20wall\">Bloomberg<\/a> reports, citing statements by ADB President Masatsugu Asakawa. The bank\u2019s facility, dubbed the Innovative Finance Facility for Climate Change in Asia and the Pacific (IF-CAP), could unlock bns in new loans through a USD 3 bn target in guarantees. \u201cThe region needs tns in investment to combat climate change,\u201d Asakawa said. \u201cTo help reach that level, we need to maximize our capital in new ways \u2014 the IF-CAP will multiply ADB\u2019s lending capacity through leverage,\u201d he added.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Economies in the <strong>Association of Southeast Asian Nations<\/strong> will need some <strong>USD 3.7 tn<\/strong> between now and 2030 to alleviate the impact of <strong>climate change, reduce poverty, and boost economic growth<\/strong>. (<a href=\"https:\/\/www.adb.org\/sites\/default\/files\/publication\/879411\/financing-sustainable-resilient-infrastructure-asean3.pdf\">Statement<\/a>)<\/li>\n<li>China\u2019s <strong>Trina Solar <\/strong>reported an<strong> 83.4% y-o-y revenue growth for 2022<\/strong>, raking in some <strong>USD 12.6 bn for the year<\/strong> on the back of <strong>increase in product and solution lines, infrastructure, and applications. <\/strong>(<a href=\"https:\/\/www.trinasolar.com\/eu-en\/resources\/newsroom\/eu-trina-solar-reports-increase-83-cent-year-year-revenues\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>ADB steps up focus on climate funding: The Asian Development Bank (ADB) is setting up a funding guarantee facility that could unlock USD 15 bn to combat climate change, Bloomberg reports, citing statements by ADB President Masatsugu Asakawa. The bank\u2019s facility, dubbed the Innovative Finance Facility for Climate Change in Asia and the Pacific (IF-CAP), [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77217,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,1638,1639,69,57,11,164,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-asia","tag-asian-development-bank","tag-china","tag-climate-change","tag-enterpriseclimate","tag-green-finance","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"e9b5786a-c552-45f6-aed4-d2664091e7de","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1823.jpg","photo_position":"above","related_issue":[77200],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ADB boosts climate funding with USD 15 bn loan facility - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/03\/adb-boosts-climate-funding-with-usd-15-bn-loan-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB boosts climate funding with USD 15 bn loan facility\" \/>\n<meta property=\"og:description\" content=\"ADB steps up focus on climate funding: The Asian Development Bank (ADB) is setting up a funding guarantee facility that could unlock USD 15 bn to combat climate change, Bloomberg reports, citing statements by ADB President Masatsugu Asakawa. 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