The Asian Development Bank reports climate change investments after the Covid-19 outbreak

November, 3, 2020

According to the Asian Development Bank (ADB)(INSME Member), the COVID-19 pandemic is reshaping economies throughout Asia and the Pacific. Following the disease, some improvements regarding pollution and climate change have been made through investments and changes in policies in Asia and all over the world.

The ADB, in order to address the challenges ahead, promotes:
1.broader use of public goods for higher collective prevention of disease outbreaks,
2.variation and mitigation of climate change impacts,
3.enhancement of the regional financial safety set.

Altogether these measures will boost the efforts to face climate change and are aimed at reaching the goals set for 2030 with eighty billion dollars in cumulative climate investments. Across economies, technologies are remodelling transportation services and logistics solutions aided by both private sector companies and governments.

ADB brought a brand-new financing modality — the COVID-19 Pandemic Response Option, or CPRO — to offer help with governments’ counter-cyclical expenditure programs. ADB will help its members strengthen domestic resources mobilization through international tax cooperation since all key areas of development require the governments to raise their capacity to mobilize financial resources while managing debt sustainability. To accomplish this target, ADB will need the support of key stakeholders like the World Health Organization, the World Bank, GAVI, the Vaccine Alliance, vaccine experts, and pharmaceutical companies.

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Source: The International Network for SMEs - INSME

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