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July 26, 2023

Global community is ‘ill-equipped’ to tackle climate change, says AIIB VP

By Seth O'Farrell
Danny Alexander_AIIB VP
AIIB VP Danny Alexander says the bank is helping a coastal community in China to restore mangroves as part of its natural defences against flooding and severe weather (Photo: Stefan Wermuth/Reuters)

The AIIB’s Danny Alexander says the multilateral development bank will approve $50bn of climate finance by 2030.

The world is not ready to address climate mitigation and adaptation without nature-based solutions, says Danny Alexander, the Asian Infrastructure Investment Bank’s vice-president for policy and strategy, while strongly refuting allegations that the bank is an arm of the Chinese government.

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