by Q. Which one of the following launched the ‘Nature Solutions Finance Hub for Asia and the Pacific’?
UPSC Civil Services Examination (Prelims) 2025 – General Studies Paper I
(a) The Asian Development Bank (ADB)
(b) The Asian Infrastructure Investment Bank (AIIB)
(c) The New Development Bank (NDB)
(d) The International Bank for Reconstruction and Development (IBRD)
Answer: (a) The Asian Development Bank (ADB)
Explanation:
The Asian Development Bank (ADB) launched the Nature Solutions Finance Hub for Asia and the Pacific to scale up financing for nature-based solutions. The initiative aims to mobilize public and private capital to address challenges such as climate change, biodiversity loss, ecosystem degradation, and disaster risk reduction in the Asia-Pacific region.
The Hub supports projects related to sustainable land use, coastal protection, water security, and ecosystem restoration, while also strengthening policy frameworks and technical capacity in member countries.
Answer: (a) The Asian Development Bank (ADB)
