ADB launches Climate Change Fund
The fund is aimed at facilitating more investments in developing Asian countries to address the causes and consequences of global warming, which is fast becoming a popular theme among fund managers.
The Asian Development Bank (ADB) is setting up a new fund aimed at slowing down the onset of climate change and to help the Asia-Pacific region adapt to the expected devastating impact of global warming.The ADB will provide an initial $40 million to the Climate Change Fund, which will be open for further contributions from countries, other development organisations, foundations, the private sector and other sources. ôThe purpose of the fund is to facilitate greater investments in deve…
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