ASEAN Catalytic Green Finance Facility (ACGF)

Affiliated Institution
Asian Development Bank
Support Entity Type
PPF
Project Stage Supported
  • Project scoping, ideation, and concept note development
  • Development of pre-feasibility studies
  • Project financial structuring
Funding Type
Grants
Loans (concessional and market-rate)
In-kind contributions
Type of Recipient
Public entity at the national level
Climate Objective
Cross-cutting
Region
East Asia and Pacific
South Asia
Sectors and Themes
Agriculture
Energy
Infrastructure and Industry
Transport
Waste
Water
Co-financing Requirement
Yes
Contact Information

Contact ACGF via their 'Contact Form' webpage: Contact Form | Asian Development Bank

The ASEAN Catalytic Green Finance Facility (ACGF) is an ASEAN Infrastructure Fund initiative supporting governments in Southeast Asia to prepare and finance infrastructure projects that promote environmental sustainability and contribute to climate change goals. The ACGF is owned by ASEAN governments and ADB and is managed by ADB’s Southeast Asia Green Finance Hub.

The ACGF provides ASEAN member governments with technical assistance and access to over $1 billion in loans from cofinancing partners. The ACGF’s technical assistance supports governments to identify and prepare commercially viable green infrastructure projects while the ACGF loans are utilized to cover upfront capital investment costs. This two-pronged approach “de-risks” green infrastructure projects, making them more attractive to private capital investors.

Eligibility Criteria

To be financed under the ACGF, projects must be sovereign or sovereign-guaranteed and fulfil eligibility criteria that includes:

  • Clear environmental goals and targets
  • A financial sustainability plan
  • A roadmap for attracting private capital investment

The ACGF focuses on projects that promote renewable energy, energy efficiency, sustainable urban transport, water supply and sanitation, waste management, and climate-resilient agriculture. In addition to project preparation and financing support, the ACGF provides knowledge services, and training programs to strengthen the regulatory environment and build the institutional capacity of ASEAN governments to scale up green infrastructure investments.

Additional details on ACGF's eligibility criteria can be found here: https://www.adb.org/documents/acgf-investment-principles-eligibility-criteria