$77.3 million
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.
Fund Focal: Kee-Yung Nam - kynam[at]adb.org
Fund Team: Patrick Victor Goquingco - pgoquingco.consultant[at]adb.org
The fund was established in 2013 under the Expanded Clean Energy Financing Partnership Facility as ADB’s first concessional cofinancing facility to support private sector operations to combat the adverse effects of climate change. It catalyzes private sector investment in climate change mitigation and adaptation.
Canada
Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
ADB's Clean Energy Working Group reviews and edorses funding proposals to the Climate Change Steering Committee (CCSC), who authorizes the allocation of funds to applications.
Any funding proposals that go beyond the ceiling amount will require partner (through the Canadian International Development Agency or CIDA) approval in writing.
GENERAL CRITERIA:
Only private sector projects in eligible countries can access CFPS resources.
Development and Environmental Impact Criteria
Projects must have direct, measurable environmental benefits that are documented and include at least one of the following:
a. Mitigation activities aimed to decrease the rate of climate change through increased use of clean energy and reduced GHG emissions, including for example, activities on renewable energy, energy efficiency, and cleaner fuel in energy and non-energy sectors such as transportation, agriculture and urban sectors; or
b. Adaptation activities aimed to reduce vulnerability, enhance resilience, and build adaptive capacity to prepare for or respond to, the observed or projected impacts of climate change, including for example, activities that address impacts such as prolonged periods of drought, increased frequency or intensity or extreme weather events, food and water insecurity, spread of infectious disease, and sea level rise.
Projects must maximize potential co-benefits such as: a. Efforts to invigorate the local economy, create jobs in the communities, benefit consumers, improve the country’s competitiveness and sustainable development initiatives, including economic diversification; b. Projects and innovations that promote gender mainstreaming and are conducive to positive economic or social development benefits for the poor (taking into account the needs and benefits for both men and women); and/or c. Reduced air pollution, associated health benefits, and improved energy security through reduced energy costs and dependency on oil imports.
Additionality Criteria. Specific for Concessional Financing, during project selection, ADB will consider whether CFPS investment is “additional” in that some Concessional Financing is necessary for the project to be viable or acceptable from a risk-reward perspective.
One or more of the following eligible ADB developing member countries can avail of the fund: Afghanistan, Armenia, Bangladesh, Bhutan, Cambodia, Cook Islands, Fiji, Georgia, India, Indonesia, Kiribati, Lao People's Democratic Republic, Maldives, Marshall Islands, Federated States of Micronesia, Mongolia, Myanmar, Nauru, Nepal, Pakistan, Palau, Papua New Guinea, Philippines, Samoa, Solomon Islands, Sri Lanka, Tajikistan, Timor-Leste, Tonga, Tuvalu, Uzbekistan, Vanuatu, and Viet Nam.
Contact ADB for more information. Please note, funding is only available to pre-selected countries. See the eligible countries field for more information.