Which one of the following launched the 'Nature Solutions Finance Hub for Asia and the Pacific'?
Show answer
Answer: A. The Asian Development Bank launched the Nature Solutions Finance Hub for Asia and the Pacific on 4 December 2023 at COP28 in Dubai. It aims to attract at least 2 billion US dollars into investments that include nature-based solutions.
Watch for: All four are development banks; the 'Asia and the Pacific' phrase is ADB's standard way of naming its region.
Why the other options are wrong
- B. Wrong: AIIB did not launch this hub.
- C. Wrong: the BRICS-led NDB did not launch this hub.
- D. Wrong: the World Bank's IBRD did not launch this hub.
Source to check: ADB news release, 'ADB and Partners Launch Nature Financing Initiative for Asia and the Pacific', 4 December 2023 (adb.org)
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.