Clean Energy

Energy Efficiency Initiative (EEI)

The Energy Efficiency Initiative was launched in July 2005, with the aim of investing $1billion per year on clean energy development programs from 2008 to 2010, to catalyze capital flow to energy efficiency and renewable energy projects in China, India, Indonesia, Pakistan, Philippines and Vietnam, as initial priority countries. This target has been met for 2008 and as of November 2008, investments are already well over $1.3 billion.

An additional $3 million grant to expand the initiative to include Afghanistan, Bangladesh, Cambodia, Lao People's Democratic Republic, Mongolia, and Uzbekistan was approved in November 2008.

To help finance EEI, the Clean Energy Financing Partnership Facility (CEFPF) was established in April 2007. EEI designed CEFPF to fund small energy efficiency investments that require quick transactions, finance some technology transfer costs of clean technologies, and provide grant assistance for activities such as developing the knowledge base on clean energy technologies.

The Energy Efficiency Initiative, established in June 2005, has been the flagship program under ADB's mitigation efforts. The goal of the program is to scale-up clean energy investment to $1 billion a year by 2008. The $1 billion target was achieved on 2 June 2008. ADB is working to sustain this clean energy investment target for the next two years. Starting in 2013, ADB will increase its target of clean energy investments to $2 billion a year. List of Projects with Clean Energy Component (Approved in 2008) [ PDF: 200kb | 8 pages ]