Explanation
The
Nature Solutions Finance Hub for Asia and the Pacific is an initiative aimed at scaling up investments in
nature-based solutions (NbS) such as mangroves, forests, and wetlands to address
climate change and biodiversity loss.
Option A is correct. The
Asian Development Bank (ADB) launched this initiative at
COP28 to mobilize large-scale financing (targeting around
$2 billion) for nature-based projects in the Asia-Pacific region.
The hub focuses on using tools like
blended finance, guarantees, and risk-mitigation instruments to attract private investment and make such projects financially viable.
This initiative reflects ADB’s broader role in promoting
sustainable development and climate resilience in the Asia-Pacific region.
Thus, the Nature Solutions Finance Hub was launched by the
Asian Development Bank.