The fund supports efforts of developing member countries towards reducing greenhouse gases through utilization of renewable energy and energy efficiency technologies. The Asian Clean Energy Fund (ACEF) was established by Japan as part of its initiative of Enhanced Sustainable Development for Asia. It is part of the Clean Energy Financing Partnership Facility.
User departments will submit project proposals to the Facility Manager using CEFPF’s application form and ADB’s standard concept paper template. Applications are reviewed in six batches and are due on: 31 January, 31 March, 31 May, 31 July, 30 September, and 30 November. The Clean Energy Working Group will review and endorse project proposals based on implementation guidelines, guided by the design and monitoring framework, both agreed between CEFPF’s financing partners and ADB. The Climate Change Steering Committee finally authorizes allocations of resources to selected project proposals. Following fund allocation from CEFPF, the approval of the proposed project follows the standard ADB procedure.
Please note, funding is only available to pre-selected countries. See the eligible countries field for more information.
As of 31 December 2015, there is USD 121.6 million available through the Clean Energy Financing Partnership Facility (CEFPF).
Applications are reviewed six times a year and are due on: 31 January, 31 March, 31 May, 31 July, 30 September, and 30 November.