Asian Development Bank to fund climate-resilient agriculture project

The Asian Development Bank (ADB) is poised to finance a climate-resilient and low-carbon agriculture mechanisation project in Punjab, designed to enhance access to modern farming equipment for small farmers while reducing the sector’s environmental footprint. The proposed Punjab Climate Resilient and Low Carbon Agriculture Mecha­ni­­sation Project will involve the import of advanced agricultural machinery, which is expected to improve efficiency, reduce fuel consumption, and lower greenhouse gas emissions. This machinery will replace the outdated, inefficient equipment currently used in the province, much of which is 20 to 60 years old. The ADB report highlights that the existing machinery is fuel-inefficient, produces higher emissions, and is less environmentally friendly.