Using up to $100 million in seed capital, the Asian Development Bank (ADB) is helping establish five private sector funds with a total target investment of up to $1.2 billion in clean energy projects in Asia.
clean energy-focused private equity funds.
The funds – MAP Clean Energy Fund, China Environment Fund III, GEF South Asia Clean Energy Fund, Asia Clean Energy Fund, and China Clean Energy Capital – will each receive up to $20 million in capital from ADB.
By 2030, global energy demand will likely rise 53% from current levels, and developing Asia represents a large portion of it.
The energy investment in Asia is strongly carbon-intensive, or highly dependent on coal-fired power generation
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