ADB proposes green infrastructure projects

ISLAMABAD: The Asian Development Bank (ADB) has proposed the creation of national green financing vehicles to catalyse environmentally and financially sustainable infrastructure investments in Asia and the Pacific.

The report, ‘Catalysing Green Finance: A Concept for Leveraging Blended Finance for Green Development’, launched on Tuesday highlights the constraints for developing a large pipeline of bankable green infrastructure projects and calls for an integrated approach to transform the country’s financial systems.

The report outlines the concept of a Green Finance Catalysing Facility (GFCF), which would serve as a model for countries to create their own financing vehicles and implementing mechanisms. This would leverage public funds and policies to catalyse a blend of financing from private sources for increasing green infrastructure investments.

Published in The Express Tribune, August 30^th, 2017.

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