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Canadian Climate and Nature Fund for the Private Sector in Asia

  • Year established 2024
  • Partners Canada
  • Cumulative Contributions Committed $267 million

The Canadian Climate and Nature Fund for the Private Sector in Asia, or CANPA, aims to support developing countries in (i) reducing emissions and transitioning away from high-carbon pathways to improve their resilience to the impacts of climate change; and (ii) financing nature-based solutions to protect, sustainably manage, and restore natural or modified ecosystems.

News

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ADB, Xacbank Sign $50 Million Deal to Boost Climate and MSME Financing in Mongolia

3 December 2024

In 2024, ADB and XacBank Joint Stock Company signed a $50 million financing package to enhance financing for climate action and to support micro, small, and medium-sized enterprises in Mongolia.

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Canada and ADB Launch New Fund to Support Private Sector Climate Action and Nature-Based Solutions

17 June 2024

The Government of Canada and ADB announced a partnership to create a new Can$360 million trust fund, the Canadian Climate and Nature Fund for Private Sector in Asia, which will support private sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender equity.

Projects