Regional cooperation critical to mobilise climate finance: Asian Development Bank

ISLAMABAD: The Asian Development Bank says regional cooperation is critical to mobilise climate finance, notably from the private sector as Asia requires an estimated $1.1 trillion a year to address climate change, whereas with only $300 billion currently made available in the region, the financing needs remain large.

Regional cooperation has already proven effective in developing sustainable financial markets to raise the required financing. Regional cooperation is essential to monitor...