Climate change battle 'won or lost' in Asia, says AIIB executive

Beijing-based multilateral lender eyes new tools for climate change financing

SAYUMI TAKE, Nikkei staff writer

DUBAI -- The battle against climate change will be decided in Asia with new infrastructure playing a "crucial part" in mitigating the damage done by rising temperatures, said Danny Alexander, a senior executive at the Asian Infrastructure Development Bank (AIIB).

The Beijing-based multilateral lender this year committed to earmarking at least half its annual financing approvals to climate-related projects.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.