Asian Development Bank (ADB)
The CCF was established in May 2008 to facilitate greater investment in developing member countries (DMCs) to effectively address the causes and consequences of climate change. The CCF is a key mechanism for pooling resources within ADB to address climate change through technical assistance (TA) and grant components of investment projects.
Applications are reviewed in six batches and are due on 31 January, 31 March, 31 May, 31 July, 30 September, and 30 November.
Total fund size: $50 million
As of 31 December 2012, the $50 million ADB financing for the CCF has been fully allocated to 60 projects
Project proposals are submitted by ADB’s User departments to the Climate Change Steering Committee (CCSC) in ADB for CCF support. The CCSC reviews and makes recommendations on the applications for CCF allocation
All DMCs are eligible for CCF resources.
The following types of activities may qualify for CCF support:
•Preparation of relevant strategies or action plans for ADB, its regional departments, and DMCs;
•Investment in climate change mitigation or adaptation measures;
•Development of knowledge products and services related to climate change
•Facilitating knowledge management activities, including regional conferences and workshops
•Funding to off-set ADB’s corporate carbon footprint.
More specifically, CCF resources are meant to be used for technical assistance, investment components of projects and direct charges.