The Asian Infrastructure Investment Bank (AIIB) and China’s Ministry of Ecology and Environment (MEE) have agreed to strengthen South-South cooperation on low-carbon, climate-resilient development.
A letter of intent signed at COP31 during a high-level forum on South-South cooperation establishes a framework for collaboration to support AIIB members in both emerging markets and developing economies in advancing climate action.
The partnership envisages a programmatic approach to cooperation across priority climate areas, covering both mitigation and adaptation. Drawing on their respective strengths, the two sides will work closely with partner countries in pursuing an inclusive green transition and enhancing climate resilience.
Ajay Bhushan Pandey, AIIB’s Vice President, Investment Solutions, said: “This letter reflects our shared ambition to drive climate action and strengthen South-South cooperation. Combining AIIB’s financing capabilities with the Ministry of Ecology and Environment’s policy and technical expertise, we can help our members advance resilient, low-carbon infrastructure, with a clear focus on scalable models that can be replicated across emerging economies to deliver enduring development impact.”
Li Gao, Vice Minister, MEE, said: “The signing of this letter between MEE and AIIB represents an innovative approach in deepening climate South-South cooperation. Cooperation with multilateral development institutions brings together complementary resources and expertise to jointly address climate challenges and promote shared sustainable development. China will continue to stand firmly with emerging market and developing economy partners and all stakeholders to pursue shared green, low-carbon and climate-resilient growth.”
About AIIB
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 111 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.
About MEE
The Ministry of Ecology and Environment of the People’s Republic of China is the department of the State Council responsible for national ecological and environmental protection, including climate-change strategy and policy, greenhouse-gas emissions reduction, international climate negotiations and cooperation, and implementation of the United Nations Framework Convention on Climate Change.
