<p>This working paper from the ODI suggests Asian countries are emerging as leaders in clean energy with new business models that meet the needs of poor people within poor countries. Countries in the region are also highly vulnerable to the impacts of climate change. A focus on low emission paths to sustainable development represents an investment in a future with major long-term commercial benefits for many members of the AIIB.</p>
<p>The Asian Infrastructure Investment Bank (AIIB) is a new actor in international development finance led by developing countries to scale up investment in infrastructure. It has an opportunity to establish a new approach to infrastructure investment that prioritises renewable energy, climate resilience and sustainable development. The report proposes concludes that AIIB’s investments can help expand markets for renewable energy, and change the narrative around the emphasis of China’s overseas investments as one focused on clean sustainable development, rather than resource extraction.</p>
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