Canada and ADB Launch New Fund to Support Private Sector Climate Action and Nature-Based Solutions
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Canada and ADB Launch New Fund to Support Private Sector Climate Action and Nature-Based Solutions

The Government of Canada and the Asian Development Bank (ADB) announced a partnership to create a new Can$360 million trust fund (about $255 million). The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will support private-sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender equity. Canada is providing Can$350 million for project investments and Can$10 million for technical assistance.

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