The Asian Infrastructure Investment Bank (AIIB) has already surpassed its 2025 climate finance goal, announced the bank at the 2025 International Energy Transition Forum held in east China's Jiangsu Province from Wednesday to Friday.
The bank's vice president, Ajay Bhushan Pandey, noted that the multilateral development bank has always had a clear focus in green infrastructure when speaking with China Global Television Network (CGTN) on the sidelines of the forum.
"If you see during the last about 10 years, AIIB has invested in more than 320 projects across 38 countries in the world. Energy sector has got the highest investment - almost about 24 percent. If you look at the total size of the approved projects during the last 10 years, I think today we have about 62 billion U.S. dollars, which is the approved projects," said Pandey.
"As I mentioned that our focus is the green infrastructure. Every project that we, we assess whether it is Paris agreement-aligned, how much money goes into the climate finance. Last year out of our total financing, 67 percent went towards the climate finance, even though our objective was that by 2025, 50 percent of our financing should go towards the climate. But we already achieved it and surpassed it by 2024. That is 67 percent," he said. Founded in 2015, AIIB has grown from 57 founding members to 110 across six continents, covering 81 percent of the world's population and 65 percent of global GDP.
AIIB exceeds climate finance target: vice president
