Green Climate Fund allocates $300 million to support ADB’s work in southeast Asia

The Green Climate Fund (GCF) has allocated $300 million to support the Asian Development Bank’s (ADB) efforts to help Southeast Asia shape a climate-resilient, environmentally sustainable economic recovery from the Covid-19 pandemic. The Association of Southeast Asian Nations Catalytic Green Finance Facility’s Green Recovery Program aims to leverage GCF and ADB funds to catalyse financing from development partners and private capital sources to support more than $4 billion worth of green infrastructure projects across the region. All projects supported by the programme will incorporate innovative green finance instruments and approaches.

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