Ghana, others benefit from $40bn Asia low carbon initiative

Ghana and others $40bn C02 compensation Asia

Ghana and some other developing countries will benefit from a $40 billion Asia low carbon

initiative to manage their forest resources.

CopenhagenAsian Development Bank (ADB) has announced plans to mobilize $40 billion to finance country-led low carbon growth. This initiative becomes one of the first international meetings to focus on climate finance since the end of the global climate change summit in Copenhagen last December.

CIF Climate Investment fund ofADB

ADB’s Climate Investment Funds (CIF) made progress on support for developing countries to act on forests, renewable energies and building climate-resilient development. The countries to benefit from approved grants for the Forest Investment Programme (FIP) are Ghana, Zambia, Nepal, Burkina Faso, Indonesia, Laos and Peru

source: ghanabusinessnews.com

Climate investment funds set to mobilize $40bn for country-led low carbon source:growthbusiness.uzreport.com