HONG KONG — The Hong Kong Monetary Authority (HKMA) on Monday established strategic partnership with the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and International Finance Corp. (IFC), aiming to deploy at least $500 million in Asia to fight climate change.
The partners said they will focus on investments in sectors that contribute to achieving net-zero emissions and reducing greenhouse gases in the region, including renewable energy infrastructure, energy solutions and sustainable transportation, according to the HKMA.
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