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Top Climate Fund Says 75 Countries Apply for Adaptation Finance

Bloomberg.com · last updated

The Climate Investment Funds, a $14 billion pool of climate-focused capital, said 75 countries applied for adaptation finance through a new program designed to promote initiatives aimed at providing protection against the impact of climate warming.

The Accelerating Resilience Investments and Innovations for Sustainable Economies, or ARISE, program attracted expressions of interest from 61 countries and eight regional groups, bringing the total to 75, the CIF said in a statement on Thursday. The CIF has made as much as $250 million available for the initiatives with co-financing expected from other institutions. Most of the applications came from Africa.