Asia Pacific Carbon Fund, managed by Asian Development Bank, is scouting for renewable energy and energy efficient projects in India to provide co-financing and technical support.
The fund which recently (in early August) raised $151.8 million from investors, including those from Europe, has a mandate to finance Clean Development Mechanism (CDM) projects in any of ADB’s 44 developing member countries.
“The Carbon Fund team is speaking with a number of project proponents in India in a number of states involving a range of CDM projects in various sectors,” a ADB official said.
India was a priority for the fund due to its size and potential as well as the government’s commitment to foster clean energy in the country, the official said....MORE at the Business Standard (India)
