The Asian Development Bank (ADB) will make large-scale investments in increasing regional clean energy capacity,the bank’s Vice President Yingming Yang said at the event titled “Global Financial System: Expanding Financing for Climate Action” organized within COP29, Report informs.

According to him, these investments will allow small economies in the region, such as Tajikistan and Kyrgyzstan, to convert their hydroelectric resources into economic growth, jobs, and income, while making a significant contribution to expanding the use of renewable energy in the region.