GREEN Financing with Adfiap

MANILA, Philippines - The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) and its two members, the Japan Bank for International Cooperation (JBIC) and the Development Bank of the Philippines (DBP), held a forum on “Green Finance: Tools and Opportunities for Banks” in mid-May at the DBP main office in Makati City, attended by 34 participants from Philippine-based ADFIAP members, government agencies, and other financial institutions. The highlight of the event was the introduction of JBIC’s newly-launched financial instrument called “Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN). GREEN supports projects that help mitigate the effects of global warming as well as its complementary “Guidelines for Measurement, Reporting and Verification of the GHG Emission Reductions in GREEN.”