Armenia, Oct. 27 -- The Asian Development Bank (ADB) announced a major push to expand financing for nature conservation and restoration, launching a new biodiversity bond, an investment incubator, and a joint multilateral development bank (MDB) report to strengthen tracking of nature finance. The initiatives, announced at the 17th meeting of the Conference of the Parties (COP17) to the Convention on Biological Diversity in Yerevan, seek to expand private investment in protecting ecosystems that support billions of lives. Asia and the Pacific is home to 75% of the world's coral reefs and 17 of its 36 biodiversity hotspots. Its natural ecosystems provide food, fresh water, and livelihoods vital to more than 4.7 billion people. Yet these resou...