NGOs call on ADB to end fossil fuel loans amid climate reboot By Reuters – Investing.com

NGOs call on ADB to end fossil fuel loans amid climate reboot By Reuters – Investing.com

By Aaron Sheldrick

TOKYO (Reuters) - A group of non-governmental organisations called on the Asian Development Bank (ADB) on Monday to end loans to the fossil-fuels sector, as the international lender holds its annual meeting this week with a focus on a green economic recovery.

The ADB, which finances initiatives aimed at boosting economic prospects for Asia's poorest, is also reviewing its lending policies, which its own management has said are not fit for a climate-changed world.