Eco Money: ADB launches new program to accelerate billions in climate change financing

The Asian Development Bank has launched the Innovative Finance Facility for Climate in Asia and the Pacific or IF -CAP to tackle the impact of climate change.  This is believed to be the first time a leveraged guarantee mechanism for climate finance has been adopted by a multilateral development bank. Up to $15 billion in new loans for much-needed climate projects across Asia and the Pacific could be created under IF-CAP. Rachel Kelly takes a closer look in this episode of Eco Money.  See omnystudio.com/listener for privacy information.