Climate Investment Funds (CIF)- Clean Technology Fund (CTF)

Climate Objective
Mitigation
Sectors and Themes
Energy
Transport
Type of Support Provider
Multilateral
Type of Recipient
Public entity at the national level
Public entity at the sub-national level
Public entity at the regional level
Private sector
Fund Size

Cumulative pledges: USD 5.8 billion

Co-financing
Yes
Application Timeframe

Investment Plan preparation, submission and approval may take up to 2 years.

Project preparation, submission and approval by the FIP sub-committee maximum 2 years.

Trustee or Administrator
World Bank
Contact Information
Countries
Cook Islands
Cambodia
China
Fiji
Indonesia
Kiribati
North Korea
Laos
Malaysia
Micronesia
Mongolia
Myanmar
Nauru
Palau
Papua New Guinea
Philippines
Samoa
Thailand
Timor-Leste
Tonga
Tuvalu
Vanuatu
Albania
Armenia
Azerbaijan
Belarus
Bosnia and Herzegovina
Bulgaria
Croatia
Czech Republic
Estonia
Georgia
Kazakhstan
Kyrgyz Republic
North Macedonia
Moldova
Montenegro
Serbia
Slovakia
Slovenia
Tajikistan
Turkey
Turkmenistan
Ukraine
Uzbekistan
Antigua and Barbuda
Argentina
Belize
Bolivia
Brazil
Chile
Colombia
Costa Rica
Dominica
Dominican Republic
Ecuador
El Salvador
Grenada
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Nicaragua
Panama
Paraguay
Peru
Saint Kitts and Nevis
Saint Lucia
Suriname
Trinidad and Tobago
Uruguay
Venezuela
Iran
Algeria
Bahrain
Djibouti
Egypt
Iraq
Jordan
Kuwait
Lebanon
Libya
Morocco
Oman
Syria
Tunisia
Yemen
Palestine
Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka
Uganda
Angola
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Central African Republic
Chad
Comoros
Democratic Republic of the Congo
Côte d'Ivoire
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mauritius
Mozambique
Namibia
Niger
Nigeria
Rwanda
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
South Africa
South Sudan
Sudan
Tanzania
Togo
Solomon Islands
Zambia
Zimbabwe
Region
East Asia and Pacific
Europe and Central Asia
Middle East and North Africa
South Asia
Sub-Saharan Africa

The Clean Technology Fund (CTF) is one of the two multi-donor trust funds within the wider Climate Investment Funds (CIFs).

The CTF was established in 2008 to provide emerging economies with scaled-up financing for the demonstration, deployment, and transfer of low-carbon technologies with a significant potential for long-term greenhouse gas (GHG) emission savings. The CTF received USD 5.8 billion in commitments, to be deployed through six partner multilateral development banks (MDBs).

As the only mitigation-focused multilateral fund built around the operating model of the MDBs, CTF’s MDB-collective model is designed to take full advantage of MDBs’ key strengths, as well as their ability to leverage capital to attract large volumes of finance from both public and private sources. Some of its key features include its ability to provide resources at scale, emphasis on private sector engagement, innovative financial instruments and a flexible programmatic approach.

The objectives of the CTF are to:

  1. Provide positive incentives, through public and private sector investments, for the demonstration of low carbon development and mitigation of greenhouse gas emissions;
  2. Fund low carbon programs and projects that are embedded in national plans and strategies, scaling up development and accelerating the diffusion and transfer of clean technologies;
  3. Realize environmental and social co-benefits, illustrating the potential for low-carbon technologies in contributing to sustainable development and the Millennium Development Goals;
  4. Support international cooperation on climate change;
  5. Utilize skills and capabilities of the MDBs to raise and deliver new and additional resources, including official and concessional funding, at significant scale; and
  6. Share experiences and lessons learned in responding to climate change challenges.
Support Provider

9 donor countries: Australia, Canada, France, Germany, Japan, Spain, Sweden, UK, US

Purpose of Support
Project and program implementation
Co-Financing Requirements

CTF investments should leverage additional financial resources, including from the private sector where feasible. Co-financing from the CTF may be provided through a variety of financing instruments utilized by the MDBs for investment and development policy lending.

Financial Instruments Offered
Grants
Contingent grants
Concessional loans
Equity
Guarantees
Monitoring and Reporting Procedures

The results reported for CTF are based on the CTF Revised Results Framework, which includes the core indicators measured at the project level and reported on annually. Each project and program is also required to identify and report on at least one indicator for a development co-benefit. It may include, but is not limited to, access to energy or health and employment co-benefits, preferably disaggregated by gender.

The MDBs collect results data on an annual basis following the CTF Monitoring and Reporting Framework and using a template provided by the CIF Administrative Unit. The template lists indicators for projects and programs approved by the corresponding cut-off date for reporting. The MDB completes these by July 31 each year. The data are then collated, clarified, analyzed, and presented in the Results Report.

Organizational and Decision Making Structure

The CTF contains a CTF Trust Fund Committee, and MDB Committee, a Partnership Forum, an Administrative Unit, and a Trustee.

  • The CTF is governed by the Trust Fund Committee, which is composed of eight representatives from donor countries and eight representatives from eligible recipient countries. These representatives serve two-year terms. The Committee is also made up of one representative of a recipient country under consideration for a project, one senior representative of the World Bank, and one representative of the MDBs (rotating across MDBs).
  • The MDB Committee was established to facilitate collaboration, coordination, and information exchange among the MDBs.
  • The Partnership Forum is a broad-based meeting of stakeholders of the CIF and provides an opportunity for independent scientific, technical, and other advice on implementation issues.
  • The Administrative Unit facilitates the CIF's work, the Trust Fund Committee, and other committees. It is housed in the World Bank Group’s Washington, D.C. offices.
  • The Trustee is the International Bank for Reconstruction and Development (World Bank).

 

Eligibility Criteria

Sectoral, sub-national, regional, and national entities seeking funding for large-scale projects that focus on the power sector, transport sector, or energy efficiency may be eligible. Additionally, dedicated private sector programs (DPSP) provide dedicated funding windows of the CTF that finance large-scale private sector projects in clean technology.

The CTF uses the following criteria to assess and prioritize the proposed pipeline of programs and projects, with a view to maximizing the impact of CTF resources:

  • Potential for GHG Emissions Savings
  • Cost-effectiveness
  • Demonstration Potential at Scale
  • Development Impact
  • Implementation Potential
  • Additional Costs and Risk Premium

See here for further details on Investment Criteria for Public Sector Operations and here for further details on investment criteria for Private Sector Operations.

 

Eligible countries

Recipient countries may benefit from the Facility provided they:

  • meet Official Development Assistance (ODA) eligibility criteria according to OECD/DAC guidelines;
  • have an active MDB country program (for this purpose, an “active” program means that an MDB has a lending program and/or on-going policy dialogue with the country).
Eligible Countries and Geographic Regions
East Asia and Pacific
Cook Islands
Cambodia
China
Fiji
Indonesia
Kiribati
North Korea
Laos
Malaysia
Marshall Islands
Micronesia
Mongolia
Myanmar
Nauru
Palau
Papua New Guinea
Philippines
Samoa
Thailand
Timor-Leste
Tonga
Tuvalu
Vanuatu
Vietnam
Europe and Central Asia
Albania
Armenia
Azerbaijan
Belarus
Bosnia and Herzegovina
Bulgaria
Croatia
Czech Republic
Estonia
Georgia
Kazakhstan
Kyrgyz Republic
Macedonia
Moldova
Montenegro
Serbia
Slovakia
Slovenia
Tajikistan
Turkey
Turkmenistan
Ukraine
Uzbekistan
Latin America and Caribbean
Antigua and Barbuda
Argentina
Belize
Bolivia
Brazil
Chile
Colombia
Costa Rica
Dominica
Dominican Republic
Ecuador
El Salvador
Grenada
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Nicaragua
Panama
Paraguay
Peru
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Suriname
Trinidad and Tobago
Uruguay
Venezuela
Middle East and North Africa
Iran
Algeria
Bahrain
Djibouti
Egypt
Iraq
Jordan
Kuwait
Lebanon
Libya
Morocco
Oman
Syria
Tunisia
Yemen
South Asia
Palestine
Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka
Sub-Saharan Africa
Uganda
Angola
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Central African Republic
Chad
Comoros
Republic of Congo
Democratic Republic of the Congo
Côte d'Ivoire
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mauritius
Mozambique
Namibia
Niger
Nigeria
Rwanda
Sao Tome and Principe
Senegal
Seychelles
Sierra Leone
Somalia
South Africa
South Sudan
Sudan
Tanzania
Togo
Solomon Islands
Zambia
Zimbabwe
Information on how to
Understand steps to access
All CIF funds have been fully committed. Information on CIF Beneficiary Countries can be found here.
More Information
A CTF Factsheet can be found here, and information on projects supported by the CTF can be found here.