The Green Climate Fund (GCF) was set up in 2010 and aims to promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change. The Green Climate Fund (GCF) is an operating entity of the Financial Mechanism of the UNFCCC and the Paris Agreement.
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The Green Climate Fund (GCF) was set up in 2010 and aims to promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change.
The Green Climate Fund (GCF) Readiness Program provides resources for strengthening the institutional capacities of National Designated Authorities (NDAs) or focal points and Direct Access Entities to efficiently engage with the Fund. Resources may be provided in the form of grants up to USD 1 million per country per year or technical assistance.
The Clean Technology Fund (CTF) is one of the two multi-donor trust funds within the wider Climate Investment Funds (CIFs).
The CTF was established in 2008 to provide emerging economies with scaled-up financing for the demonstration, deployment, and transfer of low-carbon technologies with a significant potential for long-term greenhouse gas (GHG) emission savings. The CTF received 5.5 billion in commitments, to be deployed through six partner multilateral development banks (MDBs).
The Global Environment Facility (GEF) Trust Fund aims to help developing
countries and economies in transition contribute to the overall objective of
the Rio Conventions including the United Nations Framework Convention on
Climate Change (UNFCCC) to mitigate climate change, while enabling sustainable
economic development. The GEF is intended to cover the incremental costs of a
measure to address environmental issues such as climate change, relative to a
business as usual base line. Additionally, the GEF has multiple, focused initiatives:
The Small Grants Program (SGP) is a corporate program of the Global Environment Facility (GEF) implemented by the United Nations Development Program (UNDP) since 1992. GEF SGP grantmaking in over 125 countries promotes community-based innovation, capacity development, and empowerment of local communities and civil society organizations (CSOs) with special consideration for indigenous peoples, women, and youth.
The Lives and Livelihoods Fund (LLF), launched in 2016, was created to tackle poverty in the Muslim world. With over 30% of the world's impoverished people living in the Islamic Development Bank's member countries, the LLF will play a critical role in providing affordable financing for the least wealthy countries in the Bank's membership.
The Pilot Program for Climate Resilience (PPCR), is one of three targeted programs that make up the Strategic Climate Fund (SCF) of the Climate Investment Funds (CIFs). It supports national governments in integrating climate resilience into development planning across sectors and stakeholder groups. It also provides funding to put these plans into action and pilot innovative public and private sector solutions to pressing climate-related risks.
It has four main objectives:
The Forest Carbon Partnership Facility (FCPF) is a global partnership of governments, businesses, civil society, and Indigenous Peoples focused on reducing emissions from deforestation and forest degradation, forest carbon stock conservation, the sustainable management of forests, and the enhancement of forest carbon stocks in developing countries (activities commonly referred to as REDD+).
The FCPF has two separate but complementary funding mechanisms — the Readiness Fund and the Carbon Fund.
The Scaling up Renewable Energy in Low Income Countries Program (SREP) is one of three targeted programs that make up the Strategic Climate Fund (SCF) of the Climate Investment Funds (CIFs).
The Forest Investment Program (FIP), is one of three targeted programs that make up the Strategic Climate Fund (SCF) of the Climate Investment Funds (CIFs).
The FIP addresses the drivers of deforestation and forest degradation by supporting developing countries’ efforts to reduce deforestation and forest degradation (REDD), while promoting sustainable forest management. FIP provides financing to developing countries for developing institutional capacity, and for public and private investments that are identified through REDD readiness strategies.
The InsuResilience Investment Fund (IIF) is an public-private partnership created by the German Development Bank (KfW), on behalf of the German Ministry for Economic Cooperation and Development (BMZ). It provides Private Debt and Private Equity investments to support the fund's overal objective: to contribute to the adaptation to climate change by improving access to and the use of insurance in developing countries.
The Green for Growth Fund (GGF) is the first specialized fund to advance energy efficiency (EE) resource efficiency (REff) and renewable energy (RE) in Southeast Europe, including Turkey, as well as in the nearby European Eastern Neighborhood region and in the Middle East and North Africa (MENA). Initiated by the European Investment Bank and KfW Development Bank, GGF is an innovative public-private partnership established to reduce energy consumption and CO2 emissions.
The Multilateral Fund was set up by the Parties to the Montreal Protocol to assist developing countries to comply with the terms of the Montreal Protocol, an international agreement that sets out a timetable for the phase-out of ODS in both developed and developing countries. The Multilateral Fund provides assistance to countries that are Parties to the Montreal Protocol and whose annual per capita consumption and production of CFCs and halons is less than 0.3 kg on the date of entry into force of the Montreal Protocol or any time thereafter until 1 January 1999.
The Global Climate Partnership Fund (GCPF) is an innovative financing instrument that facilitates broad-based investments in climate-relevant projects in selected countries. To this end, it provides local financial institutions with credit lines, which these institutions then use to offer loans for investments in renewable energies, energy efficiency and the reduction of greenhouse gases. The fund aims to achieve significant leverage of public funds by mobilising additional financial resources from public and private investors.
The Amazon Fund was created to raise donations so that investments can be made in efforts to prevent, monitor and combat deforestation, as well as to promote the conservation and sustainable use of forests in the Amazon Biome. Although the Amazon Fund was created by the Brazilian government and is managed by a public bank, it is a private fund. Activities supported include management of public forests and protected areas, environmental control, monitoring and inspection, sustainable forest managments, recovery of deforested areas, along with other activities.
The Adaptation Fund was established to finance concrete adaptation projects and programs in developing countries that are parties to the Kyoto Protocol and are particularly vulnerable to the adverse effects of climate change. Adaptation Fund investments predominantly support food security, agriculture, water management, and disaster risk reduction projects for the promotion of community resilience. Uniquely, financing for the Adaptation Fund comes mainly from sales of certified emission reductions (CERs).
The Global Climate Change Alliance+ (GCCA+) is a flagship initiative from the European Union to help the worlds most vulnerable countries address climate change. The GCCA+ initiative contributes towards achieving the overall target of at least 20 % of the EU budget spent on climate action by 2020. With a focus on Least Developed Countries (LDCs) and Small Island Developing States (SIDS), the GCCA+ aims to help countries in their endeavors to adapt to and mitigate climate change by focusing on three priority areas:
The Nordic Development Fund (NDF) is the joint development finance institution of the five Nordic countries. The objective of NDF's operations is to facilitate climate change investments in low-income and lower-middle-income countries for mitigation and adaptation activities. NDF finances in cooperation with bilateral and multilateral development institutions through co-financing. The operations mirror the Nordic countries’ priorities in the areas of climate change and development.
The FCPF is a global partnership of governments, businesses, civil society, and Indigenous Peoples focused on reducing emissions from deforestation and forest degradation, forest carbon stock conservation, the sustainable management of forests, and the enhancement of forest carbon stocks in developing countries (activities commonly referred to as REDD+). The FCPF has two separate but complementary funding mechanisms — the Readiness Fund and the Carbon Fund.
In December 2014, KfW, the German Development Bank, Conservation International and Finance in Motion set up the eco.business Fund. The Fund´s mission is to “promote business and consumption practices that contribute to biodiversity conservation, to the sustainable use of natural resources, and to mitigate climate change and adapt to its impacts, initially in Latin America and the Caribbean and potentially expanding to Africa”.
The BioCarbon Fund Initiative for Sustainable Forest Landscapes collaborates with forest countries around the world to reduce emissions from the land sector through smarter land use planning, policies, and practices. The ISFL is pioneering work that enables countries and private sector actors to adopt changes in the way farmers work on the ground to the way policies are made at the international level. This work supports sustainable landscapes, climate-smart land use, and green supply chains. ISFL provides countries with both updront finance and results-based finance.
Through its International Climate and Forest Initiative, the Norwegian government aims at supporting efforts to slow, reduce and eventually halt greenhouse gas emissions resulting from deforestation and forest degradation in developing countries (REDD+). As the world fights to avoid dangerous climate change, REDD+ is gaining recognition as one of the timeliest, most significant and most cost-effective tools at our disposal.
In 2001, Parties to the UNFCCC established the Special Climate Change Fund (SCCF) to support adaptation and technology transfer projects and programs that: are country-driven, cost-effective and integrat
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have created a joint project facility to support renewable en
The Global Facility for Disaster Reduction and Recovery (GFDRR) is a global partnership program for disaster risk management and climate change adaptation managed by the World Bank on behalf of its members. GFDRR supports implementation of Hyogo Framework for Action (HFA)’s successor, the Sendai Framework for Disaster Risk Reduction 2015-2030. Through its in-country work, GFDRR awards grants for specific activities in line with its seven operating principles:
The Transformative Carbon Asset Facility will help developing countries implement their plans to cut emissions by working with them to create new classes of carbon assets associated with reduced greenhouse gas emission reductions, including those achieved through policy actions. The facility will measure and pay for emission cuts in large scale programs in areas like renewable energy, transport, energy efficiency, solid waste management, and low carbon cities.
The UK Sustainable Infrastructure Program (UK SIP) mobilizes strategic private sector investments in sustainable low carbon infrastructure, supporting countries in LAC to deliver their Nationally Determined Contributions (NDCs) to the Paris Agreement.
The Canadian Climate Fund for the Private Sector in Asia II (CFPS II) was designed to support greater private sector participation in climate change mitigation and adaptation in low and lower middle income countries and upper middle-income small island developing states in Asia and the Pacific. The fund will also seek to promote gender equality and the empowerment of women and girls in projects supported by the fund.
The Eastern Europe Energy Efficiency and Environment Partnership (E5P) is a EUR 200 million multi-donor fund that encourages municipal investments in energy efficiency and environmental projects in the Eastern partnership region. The fund also supports policy dialogue and regulatory reform. E5P participates in projects as a co-financier. Grants are used as an incentive for municipal clients to take loans provided by participating Implementing Agencies:
The Small Islands States Resilience Initiative (SISRI) is a global program launched by the World Bank in September 2014, in response to calls by Small Island States for greater and more effective support to build their resilience to climate change and disaster risk. The goal of SISRI is to support Small Island States in reducing climate and disaster risks to their populations, assets, ecosystems and economies.
The Dutch Fund for Climate and Development (DFCD) focuses on several high impact investment themes, including climate-resilient water systems, water management and freshwater ecosystems, forestry, climate-smart agriculture, and restoration of ecosystems to protect the environment. The fund is structured with three separate but operationally linked facilities, each with a specific role across the project lifecycle.
The Canadian Climate Fund for the Americas (C2F) aims to catalyze private sector investment in climate change mitigation and adaptation in Latin America and the Caribbean. The fund co-finances the IDB Group’s private sector climate projects in Latin America and the Caribbean that need concessional financing to be viable.
The Adaptation for Smallholder Agriculture Programme
InfraCo Africa seeks to alleviate poverty by mobilising private sector expertise and finance to develop infrastructure projects in sub-Saharan Africa’s poorer countries. InfraCo Africa’s support reduces the risks and costs associated with early stage project development and ensures projects are developed to the highest standards, from concept to financeable investment opportunity.
Launched in 2010, the Partnership for Market Readiness (PMR) is helping to establish carbon markets in developing, emerging and transition countries. The secretariat function is performed by the World Bank. Guided by the needs of the partner countries, the PMR is pursuing various approaches, such as the development of national emissions trading systems or new market instruments (new market mechanisms, CO2 taxes and national certification standards).
The US-India Clean Energy Finance (USICEF) initiative is India’s first facility to help promising distributed solar projects develop into viable investment opportunities, via essential early-stage project preparation support. USICEF is a keystone of the commitment made between the Indian and US governments to mobilize finance for Indian distributed clean energy projects.
The Future Carbon Fund (FCF) is a trust fund established and managed by ADB on behalf of fund participants. The fund is a component of ADB's ongoing Carbon Market Program (CMP), which provides financial and technical support for Clean Development Mechanism (CDM) projects.
Regional Fund for Agriculture Technology (FONTAGRO) is a unique cooperation mechanism among Latin America and Caribbean countries and Spain that promotes innovation in family farming, competitiveness, and food security. Established in 1998, FONTAGRO has 15 member countries, which have contributed with a capital that has reached USD 100 Million.
The Climate Change Fund (CCF) was established in May 2008 to facilitate greater investments in developing member countries (DMCs) to effectively address the causes and consequences of climate change, by strengthening support to low-carbon and climate-resilient development in DMCs.
The Asia Pacific Project Preparation Facility (AP3F)’s primary objective is to assist developing member country (DMC) governments and their public sector agencies prepare and structure infrastructure projects with private sector participation, including privatization through to public–private partnership (PPP) modalities, and bring them to the global market.
The Sustainable Development Goals Fund (SDG Fund) is the first development cooperation mechanism created to achieve the future Sustainable Development Goals (SDGs). UNDP, with an initial contribution from the government of Spain, created the SDG Fund in 2014 in order to support sustainable development activities through integrated and multidimensional joint programmes. The SDG Fund intends to act as a bridge in the transition from MDGs to SDGs. It will provide concrete experiences on how to achieve a sustainable and inclusive world post-2015.
The development objective of the Sustainable Energy Fund for Africa (SEFA) is to support sustainable private-sector led economic growth in African countries through the efficient utilization of presently untapped clean energy resources. SEFA has been designed to operate under three financing windows: project preparation, equity investments and enabling environment support.
SEFA operates through three components:
Under Paragraph 84 of the COP decision adopting the Paris Agreement, it was decided to establish “a Capacity-building Initiative for Transparency in order to bu
The NAMA Facility was launched by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMU) and UK Department of Business, Energy and Industrial Strategy (BEIS, former DECC) in December 2012. The Danish Ministry of Energy, Utilities and Climate (EFKM) and the European Commission joined the NAMA Facility as new Donors in 2015. NAMAs are an important vehicle to implement Nationally Determined Contributions (NDCs) under the Paris Agreement.
The Pilot Auction Facility (PAF) is an innovative climate finance mechanism designed to stimulate private investment in projects that reduce greenhouse gas emissions. The PAF consists of two key elements: the first, a tradable put option for emission reductions, provides option holders with the right but not the obligation to sell future emission reductions to the PAF at a predetermined price. The second element, an auction platform, provides a transparent means for allocating and determining the value of the options.
The JFJCM seeks to increase the sustainability of ADB-financed and administered projects through the use of advanced low carbon technologies. The use of grants under the JFJCM will demonstrate the effectiveness of the JCM and provide a source of additional funding to eligible ADB developing member countries (DMCs). The JFJCM will also offer the opportunity for recipients to engage in projects with strong development characteristics and long-term climate-change mitigation benefits.
The long-term objective of Nitric Acid Climate Action Group (NACAG) is to incentivise the installation of effective N2O abatement technology in every nitric acid plant worldwide. NACAG’s vision is for the N2O emissions of an entire industrial sector to be mitigated on a global scale. The NACAG was launched by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) in order to increase mitigation action in the chemical industry.
The Danish Climate Investment Fund (KIF) has a dual purpose. Firstly, it will contribute to reducing climate impacts and global warming by investing in projects that will reduce greenhouse gas emissions. Secondly, the fund will invest in projects that will promote the transfer of Danish technology, thereby supporting Denmark’s leading position in this expanding market in developing countries and emerging markets. Its technology/sector focus is on small hydropower, geothermal, wind, solar, and biomass energy.
AgroLAC 2025 Multidonor Trust Fund finances activities that focus on improving agricultural productivity and natural resources management as a means of enhancing food security and reducing poverty. The main areas of intervention are financing non-reimbursable operations (Technical Cooperation and Investment Grants) for
The Asia Pacific Disaster Response Fund (APDRF) provides incremental grant resources to developing member countries impacted by major natural disasters. Assistance is granted only if all three conditions are met:
- A natural disaster has occurred in a DMC
- The DMC has issued a statement of national emergency
- The United Nations humanitarian/resident coordinator has confirmed that the disaster was severe and has indicated a general amount of funding that would be required
The Northern Dimension Environmental Partnership Fund (NDEP) combines financial contributions from various donors to leverage urgent environmental investments in the Northern Dimension Area. Operations are split into two windows of activities: nuclear safety and environmental investments. Nuclear safety projects are fully grant funded, focusing on spent nuclear fuel and radioactive waste deposited in the north-west of Russia.
The fund supports energy generation, transmission and distribution projects in Sub-Saharan Africa, ultimately aiming to connect 3.2 million people by 2018. The fund focuses on sustainable energy solutions, which is a focus area for FMO as a whole. The projects should have the potential to boost economic development and ultimately alleviate poverty. They should also be able to demonstrate an impact on creating new or improved energy access.
The Nordic Climate Facility (NCF), financed and managed by the Nordic Development Fund (NDF), is a challenge fund that finances early stage climate change projects in low-income and lower-middle-income countries. NCF aims to build a portfolio of innovative business concepts which have been tested, proved viable, and are ready to be scaled-up and replicated. The NCF will finance projects that meet the following criteria:
EEP Africa provides early stage grant and catalytic debt financing for innovative clean energy projects, technologies and business models in Southern and East Africa. The immediate objective is to enhance clean energy access, development and investment, with a particular focus on benefitting vulnerable and underserved groups. EEP Africa focuses on three core activities:
The public-private partnership, Climate Services for Resilient Development, assists developing nations in building resilience against the impacts of climate change. Climate Services for Resilient Development, will provide needed climate services – including actionable science, data, information, tools, and training – to developing countries that are working to strengthen their national resilience to the impacts of climate change.
The goal of the CDSF is to pool resources to contribute to sustainable development and, in particular, poverty reduction by preparing and implementing climate-resilient development programs that mainstream climate change information at all levels in Africa. The objective of the CDSF is to strengthen the institutional capacities of national and sub-regional bodies to formulate and implement effective climate-sensitive policies. CDSF is the investment arm of the ClimDev-Africa program. The CDSF has three focus areas:
African Risk Capacity (ARC) enables participating African governments to insure themselves against natural disasters and respond rapidly when their citizens experience harvest failure. It was established as a Specialized Agency of the African Union (AU) to help member states improve their capacities to better plan, prepare, and respond to extreme weather events, protecting the food security of their vulnerable populations in the process.
Agriculture Fast Track (AFT) is a an Agriculture Project Preparation Facility aimed at reducing the cost of project preparation, which project sponsors may otherwise not be willing to offset. The AFT facilitates preparation of agricultural projects in Africa, especially those aimed at agriculture infrastructure development by providing grants to enhance generation of data and information that improve the quality of project preparation and make them bankable and attractive for funding by Development Finance Institutions, including agricultural finance organizations.
MDP finances non-reimbursable technical cooperation operations and investment grant operations to support IDB borrowing member countries to: (i) manage risks related to natural hazards by reducing vulnerability, and by preventing and mitigating disasters before they occur; (ii) leverage knowledge, good practice, tools and government commitment for risk management solutions; and (iii) provide a vehicle for developing a shared approach to supporting disaster risk management in the region.
The objective of the Clean Energy Financing Partnership Facility (CEFPF) is to improve energy security in developing member countries and decrease the rate of climate change through increased use of clean energy. The fund supports technical assistance grant components of investment projects, and any other activities that may be agreed upon between financing partners and ADB.
The NDC Pipeline Accelerator assists LAC’s national and sub-national entities, both public and private, to plan and design investments in infrastructure, agriculture, and land-use management that are aligned with their NDCs and other national climate and sustainable development objectives.
The Water Financing Partnership Facility (WFPF or the Facility) was established on 29 November 2006, to provide additional financial and knowledge resources from development partners to support the implementation of Asian Development Bank's (ADB) Water Financing Program. The facility will support the following priority thrusts embodied in ADB's Water Operational Plan 2011-2020:
The UCCRTF will help build resilience to the effects of climate variability and climate change within medium-sized cities in Asia, particularly to reduce the vulnerability of the urban poor. The UCCRTF will use a systems-centered approach that supports making climate change a central element of city planning. This will be linked to the implementation of infrastructure and policy or institutional interventions, as well as strong knowledge, capacity building, and networking components.
Climate change is a major risk to good development outcomes, and the World Bank Group is committed to playing an important role in helping countries integrate climate action into their core development agendas. IFC began using blended concessional finance in 2005 to help investors manage the higher risks or uncertainties associated with new, unproven technologies or first-of-their kind projects. To make progress on the climate agenda, at a scale that is needed in a narrowing window of opportunity, private sector participation is essential.
The SECCI Multi-Donor Fund is targeted to help countries reduce institutional, policy, financial, and technological barriers that are constraining the adoption of renewable energy, energy efficiency, biofuel investments and activities, and also barriers that are limiting their participation in the carbon markets.
The Climate Change Technical Assistance Facility (CCTAF) provides advance conditional funding for activities associated with the development of project based carbon assets (credits) under the Clean Development Mechanism (CDM) and Joint Implementation (JI) instruments of the Kyoto Protocol.
The objective of the Africa Climate Change Fund is to support regional member countries (RMCs) in their transition to a more climate-resilient and low-carbon mode of development; to prepare to access greater amounts of climate finance and use of funds received more efficiently and effectively; and to allow the bank to scale up its climate change activities.
This fund finances technical assistance operations in the ADB's developing member countries (DMCs).
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.
The Asia-Pacific Climate Finance Fund (ACliFF) is a multi-donor trust fund established in April 2017. The objective of the fund is to support the development and implementation of financial risk management products that can help unlock capital for climate investments and improve resilience to the impact of climate change. Emphasis will be on financial risk management products that have been proven elsewhere, but are not yet widely commercially available in ADB's developing member countries (DMCs).
Energy 4 Impact supports businesses that provide energy access to off-grid communities. They are a non-profit organisation that works with local micro, small and medium-sized energy businesses to access capital, technology, operational advice, expertise and networks, which enable businesses to become profitable and to sustainably deliver access to clean energy.
The IKI is a key element of Germany’s climate financing and the funding commitments in the framework of the Convention on Biological Diversity. The Initiative places clear emphasis on climate change mitigation, adaption to the impacts of climate change and the protection of biological diversity. The IKI aims to:
The Canadian Climate Fund for the Private Sector in Asia was established in March 2013. The fund aims to catalyze greater private investment in climate change mitigation and adaptation in Asia and the Pacific. The fund will aim to play a key role in helping to overcome leading edge technology risks and cost hurdles in order to initiate and scale-up projects to reduce greenhouse gas emissions and increase climate resilience. The fund is ADB’s first concessional debt cofinancing facility specifically oriented to support private sector operations to combat climate change.
The Seed Capital Assistance Facility (SCAF) is a multi-donor trust fund managed by UNEP and backed by the German Federal Environment Ministry together with the British Department for International Development (DFID). It makes finance available during the development phase of projects being carried out in developing countries and emerging economies that are aimed at promoting the use of climate-friendly technologies (e.g. renewable energies, energy efficiency). The objective of these activities is to stimulate private investment.
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.
The Urban Environmental Infrastructure Fund (UEIF) was established under the Urban Financing Partnership Facility in 2009. It aims to raise and invest co-financing from development partner agencies to support the implementation of Strategy 2020. The fund prioritizes: climate change mitigation and adaptation; urban environmental transportation services; urban environmental water and wastewater services; urban environmental solid waste management services; district heating and cooling services; and urban renewal.
The Canadian Cooperation Fund on Climate Change aims to assist and engage ADB’s developing member countries at the programming and policy level in the management and abatement of climate change to reduce the growth of greenhouse gas emissions.
The Cross Whitehall Prosperity Fund is a £1.2 billion programme, delivered over 2016-2021, to promote economic reform and development in developing countries. Sustainability is one of the Fund’s key objectives. he Fund is particularly relevant to SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
The 2nd Danish Cooperation Fund for Renewable Energy and Energy Efficiency in Rural Areas is aimed at increasing the use of renewable energy in ADB’s developing member countries.
The Carbon Initiative for Development (Ci-Dev) builds capacity to access carbon finance, mainly surrounding energy access in developing countries. Ci-Dev uses performance payments based on reduced emissions to support projects that use clean and efficient technologies in low-income counties. The Readiness Fund finances capacity building activities for developing standardized baselines and technical assistance to energy access programs.
The Global Risk Financing Facility (GRiF) pilots and scales up support to strengthen the resilience of vulnerable countries to climate and disaster shocks. GRiF activities include:
The Carbon Initiative for Development (Ci-Dev) builds capacity to access carbon finance, mainly surrounding energy access in developing countries. Ci-Dev uses performance payments based on reduced emissions to support projects that use clean and efficient technologies in low-income counties. The Carbon Fund provides performance-based payments to energy access programs in the form of purchases of certified carbon emission reductions.
The Global Innovation Lab for Climate Finance (the Lab) is a public-private initiative that aims to drive billions of dollars of private investment into climate change mitigation and adaptation in developing countries by fast-tracking the development of promising ideas to implementation-ready projects through identifying, developing, and piloting transformative climate finance instruments.
The French Facility for Global Environment (FFEM) has been working to promote protection of the global environment in developing countries since it was established by the French government in 1994. FFEM's fundings have historically been divided into areas of intervention: climate, biodiversity, international waters, land degradation, pollutants and the Ozone.
The Weather Risk Management Facility (WRMF) is a joint initiative by the World Food Programme (WFP) and the International Fund for Agricultural Development (IFAD) established in 2008 to reduce smallholders’ vulnerability to weather and other risks that limit agricultural production. It aims to encourage and protect investments in smallholder agricultural production, and enhance food security.
The EU has launched a Technical Assistance Facility (TAF), to assist partner countries in fine tuning their energy policies and regulatory frameworks to allow for increased investments in the energy sector. It supports countries which are committed to reaching the Sustainable Energy for All (SE4ALL) objectives, in particular those who selected energy not only as one of the priority areas of their national policy agenda, but also chose energy as a focal sector in their bilateral cooperation with the EU for the period; 2014-2020.
The objective of the South-South Cooperation Trust Fund is to support African countries in mobilizing and taking advantage of development solutions and technical expertise available in the South. The Fund will also seek to promote South-South partnerships and knowledge sharing among MICs and between MICs and LDCs in Africa. The ultimate goal is to introduce and implement solutions in all the areas of focus that can actually have a high development impact.
The NEPAD Climate Change Fund was established in 2014 by the NEPAD Planning and Coordinating Agency with support from the Government of Germany. The Fund offers technical and financial assistance to AU member states, Regional Economic Communities (RECs) and institutions that meet the eligibility criteria and the clearly defined targeted areas of support of the fund.
The aim of this program is to stimulate more sustainable practices in Brazilian agriculture that reduce GHG emissions and increase carbon sequestration through specific activities such as: no-till agriculture; recuperation of degraded areas; integration of crops, livestock, and forest; planting of commercial forests; biological nitrogen fixation; and treatment of animal residues. Each producer has a credit limit of USD 500,000, with an annual interest rate of 5.5% and a repayment period of 5–15 years. The Program was created during the 2010–11 harvest with a fund of USD 1 billion.
The AfDB Green Bond program facilitates the achievement of the Bank’s corporate priority of green growth through the financing of eligible climate change projects. Investors can make a difference with their investment by financing climate change solutions through AfDB’s Green Bonds. An amount equal to the net proceeds of AfDB’s Green Bonds are initially allocated to a sub-portfolio within the Treasury’s liquidity portfolio.
The FINTECC programme helps companies in participating European Bank for Reconstruction and Development (EBRD) countries implement ‘climate technologies’. This includes technology for energy efficiency, renewable energy, water efficiency and materials efficiency. Climate technologies reduce greenhouse gas emissions, and/or lead to increased climate resilience. Finance and Technology Centre for Climate Change (FINTECC) offers incentive grants for introducing eligible technologies, which are available as a complement to EBRD financing.
The Energy Sector Management Assistance Program (ESMAP) is a global knowledge and technical assistance program administered by the World Bank. It provides analytical and advisory services to low- and middle-income countries to increase their know-how and institutional capacity to achieve environmentally sustainable energy solutions for poverty reduction and economic growth. Supporting over a hundred activities in countries around the world at any given time, ESMAP is an integral part of the Energy and Extractives Global Practice of the World Bank.
The ECOWAS Regional Centre for Renewable Energy and Energy Efficiency (ECREEE) aims for the establishment of favorable framework conditions for regional renewable energy and energy efficiency markets in West Africa. Activities include supporting policy development, capacity building, the design of tailored financial mechanisms and appraisal tools, awareness raising and the execution of demonstration projects with potential for regional scaling up. The overall objective of ECREE is to contribute to the sustainable economic, social and environmental development of
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.
CCRIF SPC is a not-for-profit risk pooling facility, owned, operated and registered in the Caribbean for Caribbean governments. It offers parametric insurance designed to limit the financial impact of catastrophic tropical cyclones, earthquakes and excess rainfall events on Caribbean governments by quickly providing short-term liquidity when a policy is triggered. Products are offered through segregated portfolios, which allows for total segregation of risk.
The Africa Renewable Energy Initiative aims: