India gets over 100m dollars to phase out CFC's

[Chris Burford]

India will get an $82 million grant to phase out the production of ozone 
depleting substances such as chlorofluorocarbons (CFCs).

This is from the Multilateral Fund set up to implement the Montreal 
Protocol on such substances.

India is chair of this fund, but the project is implemented through the 
World Bank.

Could this be a precedent for capital transfers to other developing 
countries not just for phasing out CFC's but for other crucial issues in 
the management of the environment?

Chris Burford

London