On the sidelines of the 57th ADB Annual Meeting here, nongovernment organization Oxfam International released a report urging the ADB to jack up its annual climate finance from an average of $6.2 billion to $11.5 billion.
It also called on the ADB to increase its adaptation finance from $2.1 billion to $3.9 billion until 2023 in order to meet its own goals.
Oxfam had analyzed ADB’s climate finance portfolio for the last five years and found that the bank may have overstated its project amount financing by 44 percent.
This covered 15 climate adaptation projects, two of which are from the Philippines.
These are the Climate Change Action Program with a potential over-reporting of 30 percent and the Build Universal Health Care Program with a 49 percent possible over-reporting.
この記事は The Philippine Star の May 04, 2024 版に掲載されています。
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この記事は The Philippine Star の May 04, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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