A CDN$250 million Canadian Climate Fund which will be managed by the Inter-American Development Bank (IDB) will finance private sector climate mitigation and adaptation projects in Latin America and the Caribbean that need concessional financing to become viable, the IDB said yesterday in a news release.
“The private sector is a key player in helping countries address climate change. The Canadian Climate Fund will go a long way in moving the needle on innovation and helping reduce the gap in financing for climate-friendly projects,” IDB President Luis Alberto Moreno is quoted as saying.
“We thank the Canadian government for providing the resources to create this fund and are grateful for its