A new online marketplace that will link low carbon technology companies with possible clients has been launched in Asia.
Called IPEx Clean Asia, the pilot service will broker technology transfers from developed countries to nations in Asia as well as provide a platform for knowledge sharing.
It will be based in Singapore and initially focus on clean energy and energy efficiency technologies, with the average sale expected to be between $2 million (£1.3m) and $5 million (£3.2m).
The initiative will be run by a Singapore-based joint venture, according to the Asian Development Bank (ADB), which is co-funding it.
Bindu Lohani, ADB Vice-President for Knowledge Management and Sustainable Development said: “Asia is the tip of the spear as far as climate change impacts are concerned. We need to ensure a swifter flow of tested and up-and-coming low carbon technologies to the region so that it can mitigate and adapt to the changing climate.”