15:33 - 16.12.2025

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December 16, Fineko/abc.az. The Asian Development Bank (ADB) has approved a regional technical assistance (TA) project, "Nature-Based Materials Market Development Platform", covering 43 countries, including Azerbaijan.

ABC.AZ informs, referring to the ADB, that the $1.5 million project is to be financed through the Special Technical Assistance Fund.

«The ADB will establish and administer the Nature-Based Materials Market Development Platform technical assistance (TA) to accelerate private sector investment in carbon-positive nature-based solutions across developing member countries (DMCs). Nature-based materials derived from fast-growing crops and renewable biological resourcesincluding bamboopresent a transformative opportunity to drive climate action, foster economic development, and stimulate private sector growth,» the Bank says.

The TA will develop functioning markets through ecosystem assessment, pilot validation, and scalable partnership platform creation that mobilizes risk capital to accelerate growth of the nature-based material industry.

The TA will establish a regional Nature-based Materials Market Development Platform in partnership with industry that accelerates private sector investment in carbon-positive nature-based solutions.