August 6 (Renewables Now) - The Asian Development Bank (ADB) said Tuesday Japan’s Government Pension Investment Fund (GPIF) has committed to invest in the bank’s green bonds.
The proceeds from ADB green bond issuances go towards climate mitigation projects across the Asia and Pacific region. Since 2015, the bank has issued green bonds in various currencies amounting to more than USD 6 billion (EUR 5.4bn) equivalent.
For the 2019-2030 period, ADB plans to reach USD 80 billion in climate finance from own resources.
(USD 1.0 = EUR 0.89)