GREEN INFRASTRUCTURE
INVESTING IN
CLIMATE ACTION
CLIMATE ACTION
Climate change dramatically shifts infrastructure needs toward infrastructure that is climate-resilient and that supports emission reduction targets under the Paris Agreement. Meeting the Sustainable Development Goals (SDGs) by 2030 will also require realizing significant increases in economically, environmentally and socially sustainable investments across multiple sectors.
As a major contributor to global greenhouse gas (GHG) emissions, Asia’s sustainable development pathway will be crucial for achieving the Paris Agreement objectives.
Increasing attention and commitment of our members and clients to adapt to and mitigate the impact of climate change and address local environmental problems have reinforced the need for AIIB to focus on this area.
Aside from working with other MDBs to increase our combined climate financing to USD175 billion by 2025, we’re making our own efforts to combat climate change through our investments.
Reflecting our commitment to support the Paris Agreement, AIIB has set an ambitious target of ensuring that 50 percent of overall approved financing by 2025 will be directed toward climate finance. We announced on Oct. 26, 2021 that we would align our operations with the goals of the Paris Agreement by July 1, 2023. Our current estimate is that our cumulative climate finance approvals would be USD50 billion by 2030.
NEWS & INSIGHTS
JOINT REPORTS
Climate Finance by Multilateral Development Banks Hits Record in 2023
In the run-up to COP29, MDBs announced that their global climate finance reached a record high of USD125 billion in 2023. The combined total last year from institutions, including AIIB, is more than double the amount provided in 2019, when MDBs announced their ambition to increase climate volumes over time at the United Nations Secretary General’s Climate Action Summit.
AIIB CLIMATE ACTION PLAN
Designed to guide AIIB’s climate ambition from 2024-2030, the CAP brings together the principles governing the Bank’s climate financing while identifying crucial action areas that will steer AIIB’s investments in support of its Members. The document is a statement of intent to AIIB’s Members and partners.
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FOUR THEMATIC PRIORITIES
Infrastructure for Tomorrow sets a clear mission for AIIB by requiring that all investments across infrastructure and other productive sectors should align and add value through one or more of the following four thematic priorities.
