The Asian Development Bank (ADB) said it would pump US$900 million into clean energy development projects in 2007, with priority given to China, India, Indonesia, Pakistan, the Philippines and Vietnam.
The plan was announced at a two-day annual meeting opened in Kyoto, Japan on May 6. Topping the agenda were environmental issues and poverty eradication in the Asia-Pacific region.
The Japanese government pledged to provide US$2 billion to similar programmes over the next five years with a view to helping Asian countries reduce the volume of carbon dioxide emissions that cause global warming.
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