USD 35 million
Contact ADB for additional information.
Global Energy Alliance for People and Planet (GEAPP) Energy Access and Transition Trust Fund (GEATTF) is a single-partner trust fund established in 2023 under the Innovative Finance Facility for Climate in Asia and the Pacific Financing Partnership Facility (IF-CAP). It aims to accelerate and scale inclusive energy access for poor and vulnerable populations. One of the key objectives of the fund is to support an equitable transition to clean energy across developing and emerging economies in developing member countries.
The fund will support projects, activities, and investments that are aligned with the following objectives:
- Catalyze affordable and reliable clean energy access for poor and vulnerable populations without access, by sourcing and de-risking scalable innovative distributed renewable energy (DRE) and energy transition solutions, and through support for enhanced grid capacity, through the public and private sector, in frontier and emerging markets;
- Help DMCs develop and enact policy and regulatory measures to accelerate increased investment in DRE, energy transition and other related projects;
- Reduce greenhouse gas (GHG) emissions by supporting DRE and energy transition projects, including projects that accelerate the retirement of coal-fired power plants, to increase the share of clean energy and support green recovery that improves energy access for unserved and underserved communities;
- Leverage blending of concessional instruments to crowd-in additional investment capital including from ADB, the private sector and other development finance institutions;
- Support the transition to clean energy in a just manner (Just Transition).
ADB, Rockefeller Foundation, IKEA Foundation, Bezos Earth Fund
Funding Type
Monitoring and Reporting Procedures
Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.
Eligibility Criteria
The fund will provide support through grants (in the form of technical assistance or grant components of investment projects) and blended finance/other concessional instruments (e.g., senior debt, equity, guarantees) to help finance the costs of new ADB projects, or as an additional financing for ongoing ADB projects. It will support both sovereign and nonsovereign operations of ADB.
Eligible Countries
Bangladesh, India, Indonesia, Pakistan, Viet Nam