Clean Energy Financing Partnership Facility (CEFPF)

Asian Development Bank (ADB)

CEFPF resources finance policy, regulatory, and institutional reforms that encourage clean energy (CE)/carbon capture and storage (CCS) development. Potential investments include (i) deployment of new CE/CCS technologies; (ii) projects that lower the barriers to adopting CE/CCS technologies, e.g., innovative investments and financing mechanisms, and bundling of smaller CE projects; (iii) projects that increase access to modern forms of clean and efficient energy for the poor; and (iv) technical capacity programs for CE/CCS.

Open to Applications : 
Yes
Application Time Frame : 

Beginning date: 2007

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

In 2016, the facility was able to leverage $2.1 billion in clean energy investments.

ADB pledged to double its annual climate financing to $6 billion by 2020, with $4 billion for climate mitigation and $2 billion for
climate adaptation.

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

Asian Development Bank (ADB)

Steps to Access & Application Procedure

All ADB's DMCs will be eligible for support from the CEF and clean energy trust funds for
activities prioritized under the EEI. 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.

Organizational and Decision Making Structure

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

Not specified

Other Comments

The fund is open to application within ADB, but not to public.

Cook Islands and Taipei, China are also eligible for funding.

Contact Information

http://www.adb.org/site/funds/funds/clean-energy-financing-partnership-facility

ADB Headquarters, Manila
6 ADB Avenue,
Mandaluyong City 1550,
Metro Manila, Philippines
Tel: +63 2 632 4444
Fax: +63 2 636 2444

Last Updated : 
21.06.17