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.