Which one of the following launched the ‘Nature Solutions Finance Hub for Asia and the Pacific’?
Answer & explanation
Answer: (a) The Asian Development Bank (ADB)
The Asian Development Bank (ADB) launched the Nature Solutions Finance Hub for Asia and the Pacific at COP28 in Dubai on 4 December 2023. It aims to attract at least $2 billion into investment programmes that include nature-based solutions, especially from capital markets and private capital.
- ✓ (a) ADB's own news release calls it 'ADB's Nature Solutions Finance Hub for Asia and the Pacific' and says ADB launched it at COP28.
- ✗ (b) The Asian Infrastructure Investment Bank is a separate regional lender and is not the launcher of this hub, though it too works in the Asia-Pacific.
- ✗ (d) The IBRD (World Bank) did not launch this hub; the initiative belongs to ADB, as its own release says.
Remember · Nature Solutions Finance Hub for Asia and the Pacific: launched by ADB at COP28 (Dubai, 4 December 2023), aiming to draw at least $2 billion into nature-based solutions.
Sources
- ADB news release: ADB and Partners Launch Nature Financing Initiative for Asia and the Pacific (4 December 2023) ↗ · reference work “The Asian Development Bank (ADB) today launched a Nature Solutions Finance Hub for Asia and the Pacific at COP28 which aims to attract at least $2 billion into investment programs that incorporate nature-based solutions”
Question and answer: UPSC's official GS Paper I (2025, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·