With a contribution of $US 4.7 million, Sweden is joining a financing facility that aims to support and promote the use of clean energy in the region. Joining Norway and Australia, Sweden is the third contributor to this organization, titled the Clean Energy Financing Partnership Facility, which is administered by the Manila- based Asian Development Bank.
Aiming to improve energy security in Asia, the fund seeks to help countries shift to low- carbon economies through investments in green technologies that reduce carbon emissions.
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