India, Nov. 12 -- Multilateral development banks on Monday reaffirmed their commitment to climate finance, pledging to scale up innovative funding to boost climate adaptation and resilience.
"Financing climate resilience is not a cost, but an investment." This was the key message from senior MDB officials at the end of a side event organised by the Climate Investment Funds (CIF) on the opening day of the 30thUnited Nations Climate Conference (COP30) in Belem, Brazil. The conference runs from 10 to 21 November.
During a panel discussion titled "Accelerating large-scale climate change adaptation," MDB representatives, including the African Development Bank Group, outlined how their institutions are fulfilling Paris Agreement commitments by ...