The U.K. government has put £110 million ($150 million) in a new financing vehicle managed by the Asian Development Bank, known as the Association of South East Asian Nations (ASEAN) Catalytic Green Finance Facility.
The facility, which was unveiled at the climate summit COP26 taking place in Glasgow, Scotland, seeks to increase access to finance for critical infrastructure for ASEAN countries and support the development of sustainable infrastructure projects.
The U.K. government said its financial support will mobilize further public and private funds, and forms part of a wider commitment from ASEAN governments and partners to deploy more than £5 billion ($6.8 billion) into green projects across the region.
The facility’s list of projects will include renewable energy, clean transportation and urban infrastructure in developing countries across the region.
“Britain is working closely with allies, through COP26 and beyond, to deliver the clean, hone
