Public development banks launch Clean Oceans Initiative 2.0 after original initiative delivered on its target ahead of time
Luxembourg, June 9 -- Building on a shared commitment to marine sustainability, six public development banks today launched the Clean Oceans Initiative 2.0 (COI 2.0), a renewed and expanded partnership dedicated to drastically reducing plastic pollution in the world's oceans. At the United Nations Ocean Conference in the city of Nice, Agence Francaise de Developpement (AFD), European Investment Bank (EIB), Kreditanstalt fur Wiederaufbau (KfW), Cassa Depositi e Prestiti (CDP), and European Bank for Reconstruction and Development (EBRD) together with the Asian Development Bank (ADB), which joins the initiative as a new member, set a financing target of €3 billion for the years 2026 to 2030.Launched in 2018 and extended in 2022, the Clea...
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