A sign is displayed on the Morgan Stanley building in New York, United States, July 16, 2018. — Reuters LONDON: Investment bank Morgan Stanley announced Thursday that it has decided to leave the Net-Zero Banking Alliance, becoming the latest US lender to leave the sector’s main global climate coalition. Although the bank gave no reason … Read more
Cars drive through the territory of the United Nations COP29 climate change conference, in Baku, Azerbaijan, November 22, 2024. — Reuters Australia, EU and US agree to increase climate finance. EU countries want China and Gulf countries to join them in contributing. Low funding will affect their ability to reduce greenhouse gas emissions. BAKU: The … Read more
Secretary of the Ministry of Economic Affairs, Dr. Kazim Niaz, and ADB Country Director, Ms. Emma Fan, signed the loan agreement in a ceremony attended by senior officials of the government and the ADB. —APP Program to stimulate inclusive investments in disaster risk mitigation. Agreement signed after the nod from Minister of Economic Affairs Ahad … Read more
An image of the headquarters of the Asian Development Bank (ADB). — AfDB Website/File The lender launches the “Glaciers to Farms” program. Initiative to include risk assessments related to melting ice. It will also support communities in mountainous regions. ISLAMABAD: As countries around the world continue to grapple with the worsening effects of climate change, … Read more