Commitments to ADB Carbon Fund Pour in

The Asian Development Bank’s post-2012 carbon fund secured pledges worth more than USD100 million in public sector donations. The fund, which will start operating in January, seeks to mobilize as much as USD200 million to back renewable energy, energy efficiency and other greenhouse gas mitigation projects in ADB developing member countries. The regional lender is seeking further commitments from the private sector. (“ADB commences Future Carbon Fund” - Inquirer.net, Dec. 11, 2008)

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