ADB launches pioneering climate action catalyst fund to drive decarbonisation in Asia-Pacific
Saturday, 9 December 2023 The Asian Development Bank (ADB) has unveiled plans to commence operations of its Climate Action Catalyst Fund (CACF) on January 1, 2024. According to ADB, Positioned as a trailblazing carbon fund under the Paris Agreement, the CACF aims to mobilize innovative carbon finance through the acquisition of carbon credits, intending to spur investments in transformative mitigation actions across ADB's developing member countries (DMCs). ADB Director General for Climate Change Bruno Carrasco, emphasized the urgency of financing to escalate the decarbonization of economies in Asia.
COP28 Funders , Pledge $2.1 Billion , to Reducing Climate Impacts.
ABC reports that foundations and other funders vowed to
step up their contributions to combating climate impacts,
with a focus on agriculture and vulnerable communities.
The promise comes in the wrap-up
of the United Nations...
UAE President Sheikh Mohammed bin Zayed Al Nahyan, announces the creation of a private fund dedicated to "solutions" to climate change, as he opens the summit of heads of state at the 28th United..
Climate action is speeding up -- and we each have the power to push that transformation forward. As the head of the UNFCCC, the UN's entity supporting the global response to climate change, Simon..
Saturday, 9 December 2023
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