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

Question

Accepted Answer

The Asian Development Bank (ADB) launched a Nature Solutions Finance Hub for Asia and the Pacific at COP28 which aims to attract at least $2 billion into investment programs that incorporate nature-based solutions, particularly focused on capital markets and other sources of private capital. The hub will deploy a range of financing measures to reduce risks in nature-based solutions projects such as guarantees, impact-linked payments, and blended finance options. The hub is targeting about $1 billion in such de-risking funds from global development partners with advanced discussions underway with several entities. Hence option (a) is the correct answer.