March 22

OPEC Fund Okays $300 Million for Funding Climate Action Plan

The OPEC Fund for International Development (the OPEC Fund) has approved more than $300 million in new financing in the first quarter of 2023 for funding Climate Action Plan. Three out of the four projects approved by the OPEC Fund’s Governing Board directly support climate finance.

Abdulhamid Alkhalifa, Director General of OPEC Fund, said: “The OPEC Fund is proud to deliver on its climate commitments and ensure a positive impact for people and planet. These efforts will aid our partners in Africa, Asia and Latin America to enhance their climate policies while boosting resilience to climate change.”

Photo courtesy of Bill Oxford.

Source: greentechlead (link opens in a new window)

Energy, Environment, Technology
climate change, climate finance