The Asian Development Bank (ADB) approved $43billion in 2011-12 for creation and expansion of economic opportunities in the region. According to Asian Development Bank sustainability report, investing in Asia and the pacificís future it said that the bank approved amount was ten percent higher than previous two years. During the period, ADB approved 112 projects with an environmental sustainability focus totalling more than $ 13 billion which is 50 percent higher than previous years. The Bank invested $ 4.4 billion for clean energy initiatives eventually lead to additional 2,125 megawatt renewable energy generation across the region. The report further revealed the ADB approved climate related finance of $3.4 billion in 2012 alone. Transport investments including low-carbon projects , in 2012 totalled nearly $ 4 billion while substantial support was given to help urban centers to become greener and more sustainable.
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