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 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 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. These grants are aimed at strengthening the capacity of National Implementing Entities in the areas of environmental, social and gender risk management as they design, develop and implement concrete adaptation projects and programs.
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 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 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.