AIIB launches climate action plan to tackle climate change

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AIIB launches climate action plan to tackle climate change

STORY: AIIB launches climate action plan to tackle climate change DATELINE: Sept. 26, 2023 LENGTH: 00:01:27 LOCATION: SHARM EL-SHEIKH, Egypt CATEGORY: ECONOMY SHOTLIST: 1. various of the annual meeting of the AIIB 2. various of people attending the eighth annual meeting of the AIIB STORYLINE: The Asian Infrastructure Investment Bank (AIIB) on Monday launched its Climate Action Plan (CAP), which it refers to as "a milestone" in its ongoing commitment to combatting climate change. Designed to guide the AIIB's climate ambition from 2024 to 2030, the CAP brings together the principles governing the bank's climate financing while identifying crucial action areas that will steer its investments in support of its members, the AIIB said in a statement. "The CAP demonstrates AIIB's ambition to mobilize our capital, capacity, and convening power to help our members in their efforts to address climate change," AIIB President and Chair of the Board Jin Liqun was quoted as saying. The action plan outlines four prin

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