$33.3 million
Applications may be reviewed in batches. Contact ADB for more information.
Fund Focal: Charlotte Maynard - cbenson[at]adb.org
Fund Team: Ma. Cecilia Gomez - cgomez.consultant[at]adb.org
The Asia-Pacific Climate Finance Fund (ACliFF) is a multi-donor trust fund established in April 2017. The fund supports the development and implementation of financial risk management products that can help unlock capital for climate investments and improve resilience to the impact of climate change in ADB developing members. It supports the identification, development, and implementation of financial risk management products wholly or partially focused on climate change mitigation, adaptation and/or disaster risk management.
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Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
Applications for funding will be forwarded to all partners for their No Objection.
ADB's Climate Change Steering Committee (CCSC) reviews and approves all fund applications.
All ADB DMCs are eligible to access the fund. Projects may be initiated by ADB (with ADB participation) or by third-parties (without ADB participation). Proposed projects and financial risk management products to be supported by the Fund will be assessed C against the following eligibility criteria:
(a) contribution of supported development projects to climate mitigation or climate and disaster resilience, taking into consideration alignment with national climate strategies, plans, and priorities, including the nationally determined contributions (NDCs);
(b) extent to which the supported projects or risk management product will benefit poor and climate vulnerable populations and address gender specific vulnerabilities;
(c) degree to which the supported project or risk management product can attract additional financing from other sources, including from the private sector;
(d) complementary with international initiatives, such as InsuResilience Global Partnership and the NDC Partnership.
(e) feasibility and ease of implementation;
(f) efficacy, efficiency and impact;
(g) scalability, replicability and sustainability across DMCs;
(h) interest from the potential uptake by, commercial financial risk management product providers,e.g. insurance an reinsurance industry, guarantee companies and financial institutions;
(i) degree of innovation in terms of development and implementation of financial risk management products;
(j) support and encouragement for the uptake of high-level technologies; and
(k) extent to which the products fill a gap in the market and do not contribute to market distortion
All ADB developing member countries are eligible to receive support from the fund.
Contact ADB for more information.