NEWS

The Asian Development Bank (ADB) has called for massive investment to develop and deploy climate-friendly technologies in Asia and the Pacific. Introducing the pilot Asia-Pacific Climate Technology Finance Center (CTFC) established by it as a step forward to this shift, ADB underlined the importance of “encouraging additional private sector investment through well placed public financing mechanisms, as well as overcoming policy, institutional, information and risk barriers to investment”. A partnership among ADB, the Global Environment Facility and the United Nations Environment Programme, CTFC engages with investors and technology suppliers for mobilising finance.