$98 million
Contact ADB for more information.
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
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. CCF plays a key role in mainstreaming climate actions in ADB’s operations and is critical for achieving the climate targets under Strategy 2030’s third operational priority of tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability.
The fund provides financing through: grant component of investments, technical assistance (stand-alone and piggy-back or linked to loan), and direct charge. It has three components: (i) adaptation, (ii) clean energy development, and (iii) reduced emissions from deforestation and forest degradation, and improved land use management (REDD+ and land use).
Asian Development Bank
Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
ADB's Climate Change Steering Committee reviews all fund proposals.
The following types of activities may qualify for the fund's support:
- Preparation of relevant strategies or action plans for DMCs
- Investment in climate change mitigation or adaptation measures
- Development of knowledge products and services related to climate change
- Facilitating knowledge management activities, including regional conferences and workshops
- Funding to off-set ADB’s corporate carbon footprint
All ADB developing member countries are eligible to receive support from the fund.
Contact ADB for more information.