Which one of the following launched the ‘Nature Solutions Finance Hub for Asia and the Pacific’?
The Asian Development Bank (ADB)
✅ Option 2: The Asian Development Bank (ADB)
The ‘Nature Solutions Finance Hub for Asia and the Pacific’ is an initiative launched by the Asian Development Bank (ADB) in May 2024. Its primary objective is to scale up investments in nature-based solutions (NbS) to tackle environmental challenges like climate change, biodiversity loss, and ecosystem degradation in the Asia-Pacific region.
This hub acts as a platform for mobilizing public and private sector finance towards projects that integrate nature into infrastructure planning, disaster resilience, sustainable livelihoods, and carbon neutrality goals.
❌ Option 1: The Asian Infrastructure Investment Bank (AIIB)
About AIIB:
Founded in 2016, headquartered in Beijing, China.
Primarily focuses on infrastructure development and interconnectivity in Asia.
Why Incorrect:
Though it finances sustainable infrastructure, it is not the initiator of the Nature Solutions Finance Hub. Its mandate is broader and not specifically dedicated to NbS financing.
✅ Option 2: The Asian Development Bank (ADB)
Correct Answer.
About ADB:
Established in 1966.
Headquartered at Manila, Philippines.
Works specifically for the economic development of the Asia-Pacific region.
Relevance to the Hub:
The ‘Nature Solutions Finance Hub’ directly aligns with ADB’s “Strategy 2030”, particularly the priority of tackling climate change and fostering environmental sustainability.
It helps mobilize funding, facilitates project preparation, and brings together stakeholders to implement nature-based solutions across the region.
❌ Option 3: The New Development Bank (NDB)
About NDB:
Established in 2015 by the BRICS nations (Brazil, Russia, India, China, South Africa).
Headquartered in Shanghai, China.
Why Incorrect:
Its focus is on development projects in BRICS countries and does not specifically focus on Asia-Pacific NbS financing. No link with this particular hub.
❌ Option 4: The International Bank for Reconstruction and Development (IBRD)
About IBRD:
Part of the World Bank Group, established in 1944.
Provides loans to middle-income and credit-worthy low-income countries globally.
Why Incorrect:
While IBRD works on climate and sustainability globally, this particular Nature Solutions Finance Hub is an ADB initiative dedicated to Asia-Pacific, not IBRD’s.
The Asian Development Bank (ADB), being Asia’s premier regional development bank with a specific regional mandate and environmental sustainability goals, is the correct answer.
✅ Final Answer: Option 2 — The Asian Development Bank (ADB)
Similar Questions
Consider the following types of vehicles:
I. Full battery electric vehicles
II. Hydrogen fuel cell vehicles
III. Fuel cell electric hybrid vehicles
How many of the above are considered as alternative powertrain vehicles?With reference to Unmanned Aerial Vehicles (UAVs), consider the following statements:
I. All types of UAVs can do vertical landing.
II. All types of UAVs can do automated hovering.
III. All types of UAVs can use battery only as a source of power supply.
How many of the statements given above are correct?In the context of electric vehicle batteries, consider the following elements:
I. Cobalt
II. Graphite
III. Lithium
IV. Nickel
How many of the above usually make up battery cathodes?Consider the following:
I. Cigarette butts
II. Eyeglass lenses
III. Car tyres
How many of them contain plastic?Consider the following substances:
I. Ethanol
II. Nitroglycerine
III. Urea
Coal gasification technology can be used in the production of how many of them?What is the common characteristic of the chemical substances generally known as CL-20, HMX and LLM-105, which are sometimes talked about in media?
Consider the following statements:
I. It is expected that Majorana 1 chip will enable quantum computing.
II. Majorana 1 chip has been introduced by Amazon Web Services (AWS).
III. Deep learning is a subset of machine learning.
Which of the statements given above are correct?With reference to monoclonal antibodies, often mentioned in news, consider the following statements:
I. They are man-made proteins.
II. They stimulate immunological function due to their ability to bind to specific antigens.
III. They are used in treating viral infections like that of Nipah virus.
Which of the statements given above are correct?Consider the following statements:
I. No virus can survive in ocean waters.
II. No virus can infect bacteria.
III. No virus can change the cellular transcriptional activity in host cells.
Which of the statements given above is/are correct?Consider the following statements:
Statement I: Activated carbon is a good and attractive tool to remove pollutants from effluent streams and to remediate contaminants from various industries.
Statement II: Activated carbon exhibits a large surface area and a strong potential for adsorbing heavy metals.
Statement III: Activated carbon can be easily synthesized from environmental wastes with high carbon content.
Which one of the following is correct in respect of the above statements?
Important Questions from GS (Miscellaneous)
Consider the following types of vehicles:
I. Full battery electric vehicles
II. Hydrogen fuel cell vehicles
III. Fuel cell electric hybrid vehicles
How many of the above are considered as alternative powertrain vehicles?With reference to Unmanned Aerial Vehicles (UAVs), consider the following statements:
I. All types of UAVs can do vertical landing.
II. All types of UAVs can do automated hovering.
III. All types of UAVs can use battery only as a source of power supply.
How many of the statements given above are correct?In the context of electric vehicle batteries, consider the following elements:
I. Cobalt
II. Graphite
III. Lithium
IV. Nickel
How many of the above usually make up battery cathodes?Consider the following:
I. Cigarette butts
II. Eyeglass lenses
III. Car tyres
How many of them contain plastic?Consider the following substances:
I. Ethanol
II. Nitroglycerine
III. Urea
Coal gasification technology can be used in the production of how many of them?
