ADB aims to launch $12bn climate finance platform at COP 29
Seven countries – including Australia – may now back the Asian Development Bank's IF-CAP programme, amid optimism around the climate investment it will mean for Asia.
The Asian Development Bank says it is on track to launch its new $12 billion climate finance programme at the COP 29 summit in November, after a six-month delay and with Australia potentially joining its list of sovereign backers.
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