COP28Climate change battle 'won or lost' in Asia, says AIIB executive
Beijing-based multilateral lender eyes new tools for climate change financing
The AIIB, viewed as an alternative to Western-backed lenders like the World Bank, focuses on funding sustainable, green infrastructure in developing countries. © Getty Images
SAYUMI TAKE, Nikkei staff writer
December 6, 2023 17:49 JST
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).