| Climate Change Fund (Clean Energy Component) Allocations |
Regional Distribution of Projects
The CCF was established with an allocation of $40 million from ADB's $25 million made available for clean energy development, $5 million made available for land use and Reduced Emissions from Deforestation and Degradation (REDD) and improved land use management, and $10 million for adaptation.
In 2008 , CCF has allocated about $19.8 to 12 projects.
|
Climate Change Fund
(Clean Energy Component)
ADB is working to make climate change an integral part of the bank's entire future development work, cutting across multiple sectors and covering a wide range of focus/themes.
On 6 May 2008, ADB established the Climate Change Fund (CCF) to facilitate greater investments in developing member countries (DMCs) to effectively address the causes and consequences of climate change alongside ADB's own assistance in various related sectors.
An allocation of $40 million from ADB's ordinary capital resources net income was used to establish this special fund.
Mitigating Climate Change
The CCF will invest in projects that lead to greenhouse gas (GHG) emission reductions and carbon sequestration, and will prioritize interventions in clean energy that:
- Help DMCs achieve energy security and transition to low-carbon economies through costeffective investments
- Provide financial, policy, and institutional reforms, as well as regulatory frameworks that encourage clean energy development and energy access for the poor.
CCF’s clean energy component will:
- Be a key mechanism to pool resources within ADB to address climate change through investments in clean energy development.
- Respond to the issues of energy security and climate change confronting ADB’s DMCs today.
- Prioritize interventions that help DMCs achieve energy security and transition to low carbon economies through cost effective investments, especially in pre-commercial clean energy technologies, that result in GHG mitigation.
Accessing CCF Resources
CCF resources are used to service DMCs and can be tapped through ADB's operations department.
CCF Eligibility Criteria for Clean Energy Development
Project proposals under the following project categories may qualify for CCF support:
- biomass, biofuel, biogas
- rural electrification and energy access
- distributed energy production
- waste-to-energy projects
- demand-side management projects
- energy-efficient district heating
- energy-efficient buildings and end-use facilities
- energy-efficient transport
- energy-efficient street lighting
- clean energy power generation, transmission, and distribution
- manufacturing facilities of clean energy system components, high efficiency appliances and industrial equipments
- energy service companies development
 |
Topics 
Top of page
