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COP31 host Turkiye, AIIB strike record $1.6 billion climate policy deal
ANTALYA: The Asian Infrastructure Investment Bank has agreed a record $1.6 billion financing deal with COP31 climate conference host Turkiye to support a series of policy reforms aimed at attracting the investment it needs to hit its climate goals, the bank said. Turkiye, a founding member of the AIIB, will need an estimated $68 billion in additional climate investment by 2030, around half from private sources, the bank said in a statement on Thursday, the fourth day of the two-week UN climate conference being held in Antalya. Covering fiscal policy, financial regulation and sectoral planning,...
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