On the sidelines of the Boao Forum for Asia, Scott Morris, Vice President of the Asian Development Bank (ADB), detailed the institution’s ambitious $100 billion plan to bolster green investments across Asia. In an exclusive interview with CGTN’s Guan Xin, Morris emphasized the pivotal role the ADB plays in advancing sustainability and climate resilience in the region.
‘The challenges posed by climate change require immediate and concerted action,’ Morris stated. ‘Our $100 billion initiative is designed to mobilize resources for sustainable infrastructure, renewable energy, and environmental protection projects.’
Morris acknowledged China’s significant influence in driving economic and environmental progress in Asia. ‘China’s commitment to green development sets a strong example,’ he noted. ‘Their advancements in renewable energy and sustainable practices are vital for regional growth.’
He underscored the importance of continued dialogue, innovation, and collaboration among Asian nations to ensure a sustainable future. ‘By working together, we can share technologies, expertise, and best practices,’ Morris said. ‘Collective efforts are essential to overcome environmental challenges and achieve resilient development.’
The ADB’s strategy aligns with the global push towards achieving the Sustainable Development Goals and addressing the impacts of climate change. Morris highlighted that the bank’s focus extends beyond financing, emphasizing capacity building and policy support to member countries.
‘Investment is just one piece of the puzzle,’ he explained. ‘We also aim to assist governments in creating conducive policies and strengthening institutions to foster sustainable development.’
The Boao Forum for Asia serves as a significant platform for leaders to discuss pressing issues and collaborate on solutions. Morris’s insights reflect the ADB’s commitment to supporting its members in navigating the complexities of sustainable growth.
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ADB VP details strategy for a sustainable, green future in Asia
cgtn.com
