AIIB's Benny Zachariah on the bank's climate ambitions
Benny Zachariah, investment officer – financial institutions and syndications, speaks with Uxolo about the Asia Infrastructure Investment Bank's plans to be Paris aligned by 2023 and allocate 50 percent of its financing to climate projects.
Benny explains AIIB’s focus on digital and sustainable infrastructure and infrastructure for tomorrow (00:43); his perspective on the outcomes of COP26, the push for implementation and mobilising private capital (03:00); what are AIIB’s plans for creating climate change resilient infrastructure and what sectors will the Beijing-based bank cover under their climate finance portfolio (06:50); the bank's strategy to align themselves to the Paris agreement by 2023 (08:30); the challenges posed by regulatory frameworks in mobilising private capital (10:15); investing in new technologies to mitigate climate change (14:00); and the potential of circular economy (16:50).
