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New Zealand commits 25 mln USD for ADB’s energy transition mechanism

MANILA, April 19 (Xinhua) — The Asian Development Bank (ADB) on Friday said that New Zealand has committed 25 million U.S. dollars to the ADB Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia.

The commitment was made by New Zealand Prime Minister Christopher Luxon during his two-day official visit to the Philippines.

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