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

Environment & Ecology ·Previously asked in UPSC Civil Services Examination 2025

View the full solved paper: GS Paper I

Question

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

  1. A. The Asian Development Bank (ADB) (Correct answer)
  2. B. The Asian Infrastructure Investment Bank (AIIB)
  3. C. The New Development Bank (NDB)
  4. D. The International Bank for Reconstruction and Development (IBRD)

Correct Answer

Option A — The Asian Development Bank (ADB)

Detailed Solution & Explanation

The correct answer is The Asian Development Bank (ADB).

Key Points

  • The Asian Development Bank (ADB) launched the "Nature Solutions Finance Hub for Asia and the Pacific" to catalyse private finance for nature-based solutions in the region.
  • It leverages ADB's position to blend public and private capital for biodiversity and climate projects.