ACP aims to attract $825 million for climate projects

Allied Climate Partners (ACP) is launched with $235 million from charitable donors and aims to attract a total of $825 million. The venture targets to generate $11 billion in investments for climate-related projects in developing countries. ACP's structure aims to mitigate risk and attract private investment, with philanthropic capital absorbing initial risk. The initiative involves partnerships with major organizations and aims to catalyze climate finance in developing countries.