Asian Development Bank gets $665 million for climate projects
The Asian Development Bank said on Tuesday it has won commitments of USD 665 million to support climate-related projects in Southeast Asia.
The Manila, Philippines-based lender manages the regional Green Recovery Platform, which has targeted a total of USD 7 billion for such spending. So far, including earlier pledges, it has raised USD 2 billion, the ADB said.
The new funding announced at the UN climate summit in Glasgow, Scotland, includes USD 151 million from the United Kingdom, USD 155 million from the Italian state bank Cassa Depositi e Prestiti, USD 58 million from the European Union and USD 300 million from the Green Climate Fund.
