The IDB and GCF are creating the first Latin American and Caribbean regional fund to promote electric mobility and green hydrogen

The Inter-American Development Bank (IDB) and the United Nation’s Green Climate Fund (GCF) are teaming up to create the first Latin American and Caribbean regional fund to promote electric mobility and green hydrogen. Nine countries expect to receive US$450 million in loans and grants from the fund to aid in lowering carbon emissions and building resilient public transportation.

Source: IADB