Asian Development Bank Expands Programs To Foster Region's Clean Energy Development

摘要

The Asian Development Bank has announced several clean energy initiatives to help the region transition to a low-carbon economy. The Manila-based bank has committed to investing at least $2 billion per year in the clean energy sector by 2013.rnThe bank said Dec. 18, 2009, that the Philippines will receive $250 million through the Clean Technology Fund, one of two Climate Investment Funds approved by the World Bank in 2008. Aid from the funds is channeled through multilateral development banks such as ADB.