The Asian Infrastructure Investment Bank (AIIB) is a multilateral bank for infrastructure financing and plans to become the leading global institution for financing infrastructure projects. The study from autumn 2020 analyses why binding rules on transparency at the AIIB, especially with regard to its environmental and social standards, are very important.
Read also the related article, showingwhy the bank must intensify its efforts to inform the public in a timely manner about the environmental and social risks of its projects.
While Asia is home to some of the fastest growing economies and some of the world’s top polluters, it is also one of the regions worst hit by climate change. Erratic weather patterns, extreme floods and droughts destroy people’s livelihoods, creating an increasing number of climate refugees. Climate change is not a distant problem; it is right at the doorstep of many Asians.