💨 Abstract

The Asian Development Bank (ADB) has announced a program to help Mongolia strengthen its institutional framework and budgeting system for climate action. The program aims to catalyze investments in renewable energy, energy efficiency, and climate-resilient agriculture, livestock, and food processing. This will be achieved through policy actions, issuance of green and sustainable bonds, and increasing the green loan portfolio of the banking sector.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖