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ADB Annual Meeting: ADB to launch new climate change fund

06 May 2008

Read more: ADB Annual meeting trade finance climate change

The Asian Development Bank (ADB) is establishing a new fund to slow the onset of climate change and to help the Asia-Pacific region adapt to the expected devastating impact of global warming.
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.

"The purpose of the fund is to facilitate greater investments in developing countries in Asia...

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