Contact ADB for more information.
Fund Focal: Maria Joao Pateguana - mpateguana[at]adb.org
Fund Team: Jeanette Morales - jmorales[at]ad.org
The purpose of the fund is to provide support for sustainable low-carbon economic development in developing countries in South and Southeast Asia by increasing the pace, scale, and ambition of climate solutions and contributing to the clean energy transition.
Bloomberg Family Foundation Inc., Goldman sachs Charitable Gift Fund
Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
ADB will assess and approve proposals for Fund financing in accordance with its procedures for the use of blended concessional finance for private sector projects.
Eligible non-sovereign projects in India and Viet Nam will have direct, measurable positive climate-related outcomes (mitigation and/or climate adaptation) that are documented by ADB. The fund will offer grants for high-impact, catalytic projects that demonstrate the need for a portion of concessional financing to reach financial close (i.e., projects that would not proceed solely on a commercial basis). Recipients of grant proceeds will satisfy ADB’s eligibility requirements for nonsovereign operations.