People walk past the headquarters of Asian Infrastructure Investment Bank in Beijing. Photo: Reuters
People walk past the headquarters of Asian Infrastructure Investment Bank in Beijing. Photo: Reuters

Climate change: majority of China-backed development bank AIIB’s financing to go to mitigation and adaptation by 2025

  • Asian Infrastructure Investment Bank aims to allocate at least half of its annual financing to projects that tackle climate change by 2025, a senior executive says
  • Emerging and developing economies are at risk of being left behind, the bank’s chief economist said in advance of the COP27 climate summit

People walk past the headquarters of Asian Infrastructure Investment Bank in Beijing. Photo: Reuters
People walk past the headquarters of Asian Infrastructure Investment Bank in Beijing. Photo: Reuters
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