South Korea Donates to ADB's Future Carbon Fund

South Korea is contributing

to the Asian Development Bank's Future Carbon Fund, making it the first Asian country as donor to the facility.

"On the eve of the Copenhagen talks, the Republic of Korea's commitment to acquire carbon credits sends a clear signal to the international community that there will be a strong post-2012 framework to achieve a low-carbon economy," said Xianbin Yao, who head ADB's Regional Sustainable Development Department.

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.