Canadian Climate Fund for the Private Sector in Asia II

Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.

All nonsovereign fund financing requests will be reviewed by ADB's Blended Finance Committee, before endorsed by ADB's Investment Committee, Concept Review Committee and/or FAST Committee.

The fund will invest in a combination of private sector led climate mitigation and adaptation activities including, but not limited to:

• Clean and renewable energy generation;
• Energy efficiency;
• Transmission and distribution systems for renewable energy projects;
• Process emissions;
• Sustainable transport;
• Waste management and wastewater projects;
• Water supply and management;
• Agriculture and forestry;
• Land use management;
• Natural resource management;
• Resilient infrastructure;
• Coastal protection; and
• Disaster risk management.

Projects supported by the fund will contribute to increased gender-responsive economic development in eligible countries, and will integrate gender equality outputs.

To the extent applicable, projects supported by the fund will maximize development co-benefits. These may include efforts to:

• Invigorate local economies;
• Increase the number of incremental jobs in communities;
• Benefit consumers;
• Improve health benefits through reduced pollution; and
• Improve countries’ competitiveness and sustainable development initiatives, including economic diversification.

Most ADB developing member countries are eligible.