Clean Energy Financing Partnership Facility (CEFPF)
CEFPF resources finance policy, regulatory, and institutional reforms that encourage clean energy (CE)/carbon capture and storage (CCS) development. Potential investments include:
- deployment of new CE/CCS technologies;
- projects that lower the barriers to adopting CE/CCS technologies, e.g., innovative investments and financing mechanisms, and bundling of smaller CE projects;
- projects that increase access to modern forms of clean and efficient energy for the poor; and
- technical capacity programs for CE/CCS.
All ADB's Developing Member Countries (DMCs) will be eligible for support from the CEF and clean energy trust funds for activities prioritized under the Energy Efficiency Initiative. Special attention will be paid to weakly performing states. Activities may be implemented in DMCs or other countries in accordance with applicable ADB requirements and procedures. Assistance may be made available to central and local governments, government agencies, the private sector, and other entities eligible to receive assistance from ADB.
The Facility Manager in the ADB is in constant communication with the project team leaders throughout the project application process. Projects that are not eligible for financing support are advised to seek other sources of financing while those that proceed are thoroughly evaluated by the Clean Energy Working Group (CEWG) and the Facility Manager.
As of 31 December 2018, the facility has leveraged USD 6.7 billion in clean energy investments, with 36.7 million allocated in 2018 alone. The ADB pledged to double its annual climate financing to USD 6 billion by 2020, with USD 4 billion for climate mitigation and USD 2 billion for climate adaptation.