Funding proposals are processed in batches every year. Duration of approval process varies according to transaction processing timelines by the trust fund team and by the project team. Contact ADB for more information.
For more details about this initiative, reach out to Asian Development Bank
The Asian Clean Energy Fund 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.
Japan
Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
The Clean Energy Working Group reviews and edorses funding proposals to the Climate Change Steering Committee (CCSC), who authorizes the allocation of funds to applications. The Government of Japan (GoJ) provides final approval of all funding applications.
The fund supports efforts of developing member countries towards reducing greenhouse gases through utilization of renewable energy and energy efficiency technologies. All ADB DMCs are eligible to access the fund.
Project proposals should:
(a) be consistent with the country partnership strategy and results framework;
(b) be consistent with the objective of ADB's Energy Efficiency Intiative;
(c) introduce innovative solutions;
(d) adopt a participatory approach;
(e) have high demonstration value in the sector; and
(f) have good potential for replication and scalability in the country and/or region
ACEF funds may not be used for the following TA expenditures
(a) Vehicle purchase; (b) Salaries for civil servants; (c) Scholarships or internships; and (d) Civil works and other related expenses.
ACEF funds may not be used for the following expenditures under Grant Components of Investments (GCI):
(a) Vehicle purchases; (b) Salaries for civil servants; (c) Scholarships or internships; and (d) Academic research.
All Asian Development Bank (ADB) developing member countries are eligible to receive support from the fund.
Contact ADB for more information.