Q. Which one of the following launched the 'Nature Solutions Finance Hub for Asia and the Pacific'?

(a) The Asian Development Bank (ADB)
(b) The Asian Infrastructure Investment Bank (AIIB)
(c) The New Development Bank (NDB)
(d) The International Bank for Reconstruction and Development (IBRD)

15. निम्नलिखित में से किस एक ने 'एशिया और प्रशांत क्षेत्रों के लिए प्रकृति समाधान (नेचर सॉल्यूशन्स) वित्त हब' प्रारंभ किया?

(a) एशियाई विकास बैंक (ADB)
(b) एशियाई अवसंरचना (इंफ्रास्ट्रक्चर) निवेश बैंक (AIIB)
(c) न्यू डेवलपमेंट बैंक (NDB)
(d) अंतर्राष्ट्रीय पुनर्निर्माण और विकास बैंक (IBRD)

Correct Answer: (a)

Explanation:

The Asian Development Bank (ADB) launched the 'Nature Solutions Finance Hub for Asia and the Pacific'.

• The Asian Development Bank (ADB) launched this initiative during COP28 in 2023.
• The hub aims to mobilize at least $2 billion in investments for Nature-based Solutions (NbS) across Asia and the Pacific.
• Its objective is to support projects related to climate adaptation, biodiversity conservation, ecosystem restoration, and sustainable development.

Purpose of the Nature Solutions Finance Hub:

• The initiative seeks to attract private and public investments through innovative financial instruments such as blended finance, guarantees, and impact-linked payments.
• It also provides technical assistance and policy support to member countries for scaling up nature-positive investments.
• The hub is aligned with ADB’s climate and environmental sustainability goals.

Why other options are incorrect?

• AIIB (Asian Infrastructure Investment Bank) did not launch this hub.
• NDB (New Development Bank) is focused on infrastructure and sustainable development financing among BRICS nations but did not initiate this program.
• IBRD (International Bank for Reconstruction and Development), a part of the World Bank Group, was not responsible for launching this initiative.

Therefore, the correct answer is (a) The Asian Development Bank (ADB).

Source :

https://www.adb.org/projects/57222-001/main

https://www.adb.org/publications/nature-solutions-finance-hub-climate-environment