This article was originally published on Dawn.
“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.
In a report released on Tuesday, the ADB highlighted the constraints for developing a large pipeline of bankable green infrastructure projects and called for an integrated approach to transforming country financial systems.
The report, titled ‘Catalysing Green Finance: A Concept for Leveraging Blended Finance for Green Development’ outlined the concept of a Green Finance Catalysing Facility (GFCF), having a life of twenty years, which would serve as a model for countries to create their own financing vehicles and implementing mechanisms…”
Read on at: Dawn.