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Canada to invest nearly $1.8bn in innovation in developing countries

Staff Writer |
Minister of Environment and Climate Change, and Marie-Claude Bibeau, Minister of International Development and La Francophonie, announced that Canada will invest nearly $1.8 billion to mobilize developing countries.

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This funding is part of Canada’s historic $2.65 billion pledge to help countries and communities around the world pollute less, be better equipped to resist the effects of climate change, and make a positive contribution to a global clean economy.

It will leverage private-sector investments in areas such as clean technology, climate-smart agriculture, sustainable forestry, and climate-resilient infrastructure.

Canada will deliver this support through a range of trusted partners, including multilateral development banks, with demonstrated expertise in innovative finance solutions to address climate change.

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