As the AIIB reviews its energy strategy, will it finally go fossil free?
At the Asian Infrastructure Investment Bank’s (AIIB’s) annual meeting last October, President Jin Liqun made a bold statement: the AIIB would align its operations with the goals of the Paris Agreement by 1 July 2023. This commitment followed one the bank made earlier in the year for 50% of its yearly approved financing to be for climate finance by 2025. The AIIB also launched itself as a “green” multilateral development bank (MDB) in early 2016, though has not defined what this means.
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