The ADB and Canada establish a 360M CAD trust fund, CANPA, for private-sector climate and nature projects in Asia-Pacific.
The Asian Development Bank (ADB) and Canada partnered to create a 360M CAD ($262.1M USD) trust fund, the Canadian Climate and Nature Fund for Private Sector in Asia (CANPA). The fund, managed by ADB, will support private-sector projects in the Asia-Pacific region focusing on climate and nature-based solutions and promoting gender equity. It aims to help companies reduce greenhouse gas emissions, transition from carbon-based operations, and improve climate resilience, as the region is highly susceptible to climate change impacts.
June 17, 2024
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