Eco Money: ADB launches new program to accelerate billions in climate change financing
MONEY FM 89.3
The Asian Development Bank has launched the Innovative Finance Facility for Climate in Asia and the Pacific or IF -CAP to tackle the impact of climate change.
This is believed to be the first time a leveraged guarantee mechanism for climate finance has been adopted by a multilateral development bank.
Up to $15 billion in new loans for much-needed climate projects across Asia and the Pacific could be created under IF-CAP.
Rachel Kelly takes a closer look in this episode of Eco Money.
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