Carbon Capture and Storage Fund (CCSF)

Asian Development Bank (ADB)

The Carbon Capture and Storage Fund aims to accelerate the physical deployment of carbon capture and storage demonstration projects by promoting projects, engaging in capacity development, supporting geological investigations and environmental studies related to potential carbon dioxide storage sites, and undertaking community awareness and support programs. All DMCs will be eligible for support from the fund for activities prioritized under ADB’s Energy Efficiency Initiative.

Open to Applications: 
Yes
Application Time Frame: 

Not specified

Climate Objective: 
Mitigation
Administrator Type: 
Intergovernmental Organization
Financial Instruments Offered: 
Grants
Direct Access: 
Not Specified
Fund Size: 

Initial contribution of USD$16.42 in 2009 from Australia.

Financing Award: 
Not Specified
Trustee: 
Asian Development Bank (ADB)
Implementing Entity: 

Asian Development Bank (ADB)

Steps to Access & Application Procedure: 

Not specified

Organizational and Decision Making Structure: 

The Carbon Capture and Storage Fund (CCSF) was established with Australia as a new single-partner trust fund under the Clean Energy Financing Partnership Facility (CEFPF) in July 2009. It became multi-partner trust fund when United Kingdom joined in December 2012.

CEFPF contributors:(1) Provide strategic direction to CEFPF; (2) Meet with ADB for annual consultation; (3) Review progress and administration and annual work program.
Climate Change Steering Committee: (1) Provide strategic direction;(2) Director General, SDCC approves CEFPF policy and procedures;(3) Approves allocation of funds.
Clean Energy Working Group: (1) Review and endorse proposals for CEFPF support; (2) Recommend policy and procedures of CEFPF to CCSC
CEFPF Manager: (1) Serve as Secretariat and oversee CEFPF day-to-day operations; (2) Oversee review process for applications;(3) Review applications for compliance with Implementation Guidelines for use of funds; (4) Prepare annual work program and progress reports; (5) Serve as focal point for CEFPF partners for technical matters

Monitoring and Reporting Procedures: 

Not specified

Co-financing Requirements (if applicable): 

Not specified

Other Eligibility Criteria Beyond Geography and Income: 

All ADB developing member countries are eligible to receive support from the fund. Initial priority will be given to the People’s Republic of China, India, Indonesia, and Vietnam.

Contact Information

https://www.adb.org/site/funds/funds/carbon-capture-storage-fund

For General, Financial, Technical, and Implementation Matters:

Manager, Projects, and Partnerships
Global Carbon Capture and Storage Institute (GCCSI)
c/- Department of Resources, Energy and Tourism
GPO Box 1564
Canberra ACT 2601
Australia

Last Updated: 
25.10.16
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Energy Efficiency
Renewable Energy
Eligible Countries and Geographic Regions: 
East Asia-Pacific
Europe & Central Asia
South Asia