AIIB, China environment ministry deepen climate cooperation
At COP31, the Asian Infrastructure Investment Bank and China’s Ministry of Ecology and Environment move to expand South-South cooperation on low-carbon and climate-resilient development. The framework is aimed at helping AIIB members in emerging markets and developing economies advance climate action across mitigation and adaptation.
Highlights
- AIIB and China's environment ministry signed a letter of intent at COP31 outlining a framework for joint climate action and support.
- The agreement focuses on emerging markets and developing economies, supporting green transition and climate resilience in AIIB member countries.
- The cooperation combines AIIB’s financing with China's policy and technical expertise to facilitate scalable, low-carbon infrastructure and long-term development impacts.
Cooperation framework agreed at COP31
As reported by AIIB, a letter of intent signed during a high-level forum at COP31 sets out a framework for collaboration between the multilateral lender and China’s environment ministry.The arrangement adopts a programmatic approach across priority climate areas, with the two sides planning to support partner countries through both emissions reduction efforts and adaptation measures. The cooperation is intended to combine AIIB’s financing capacity with the ministry’s policy and technical expertise.
Ajay Bhushan Pandey, AIIB’s vice president for investment solutions, says the letter reflects a shared ambition to drive climate action and strengthen South-South cooperation. He says the partners aim to help members develop resilient, low-carbon infrastructure and scale models that can be replicated across emerging economies for longer-term development impact.
Focus on emerging economies and green transition
The partnership is centered on AIIB members in emerging markets and developing economies, with an emphasis on inclusive green transition and stronger climate resilience. Both institutions say they will work closely with partner countries in pursuing those goals.Li Gao, vice minister at the Ministry of Ecology and Environment, says the agreement represents an innovative approach to deepening climate South-South cooperation. He says collaboration with multilateral development institutions brings together complementary resources and expertise to address climate challenges and support shared green, low-carbon and climate-resilient growth.
As noted in our earlier article, sovereign ratings pressure is rising as geopolitical shocks and fiscal spending lift borrowing risks, especially in emerging markets.
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