TOKYO -- The multilateral Climate Investment Funds will invest about $2.5 billion to help developing countries that rely on fossil fuels to phase out coal, initially targeting India, Indonesia, the Philippines and South Africa.
COP26
Climate fund to back India, Indonesia, Philippines coal phaseout
$2.5bn program unveiled by multilateral Climate Investment Funds at COP26
Unloading coal in Ahmedabad, India, in October: Decommissioning coal facilities is considered more complex than adding renewable infrastructure. © Reuters
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