New Delhi, July 4 -- The Green Climate Fund, the world's largest climate fund, has approved USD 200 million in funding for an Asian Development Bank-led initiative designed to attract large-scale public and private investment in India's emerging clean energy sectors.

The approval was granted during the fund's 42nd Board meeting on July 1, according to an ADB release.

The concessional funding will support the Asian Development Bank's India Green Finance Facility, a blended finance program aimed at encouraging investment in emerging clean energy technologies from India's leading development finance institutions and private sector participants.

This marks the first partnership between ADB and the Green Climate Fund specifically focused on...