The Asian Infrastructure Investment Bank (AIIB) approved $8.4 billion for 51 projects in 2024, funding energy, water, transport, digital and social infrastructure across Asia and beyond, according to the report. These projects will cut 28.5 million tons of CO₂ emissions each year. They’ll also bring safe drinking water to 71 million people and better transport to at least 410 million.
AIIB has been increasing climate-related investments as countries face growing pressure from climate change, inequality and technological shifts. Climate projects made up $6 billion or 67% of total financing in 2024, up from 60% in 2023. Nearly all approved projects – 50 out of 51 – contributed to UN climate action goals.
The bank funded diverse projects from solar energy systems in the Maldives to low-carbon urban transport in Egypt and climate investment funds in Brazil. AIIB President Jin Liqun said the report demonstrates how their investments deliver long-term value for member countries and their communities. The bank also launched new financial tools in 2024, including climate policy-based financing to support members’ reform programs and digitally native notes through Euroclear.
AIIB raised nearly $10 billion through bond issuances in 2024, bringing total outstanding bonds to $34 billion and reflecting continued investor confidence in the bank’s credit strength. Since starting operations in 2016, AIIB has approved over $60 billion in financing and plans to deploy another $75 billion by 2030 through its sustainable development bonds program.
