ADB funding for climate change projects reaches US$3B

The Asian Development Bank (ADB) is now administering over $3 billion in funding for various climate change-related projects in developing countries in the Asia Pacific region.  Its Climate Investment Funds (CIFs) remain as the largest source of funding with a contribution of $1.5 billion to the total. The Clean Technology fund has an allocation of $1.1. billion for 17 projects while the Pilot Program for Climate Change has an allocation of $281 million for 19 projects.  The Scaling Up Renewable Energy in Low-Income Countries program has nine projects under its wing for which $121 million has been allocated.  Read more here.

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