Clean Energy

Funds and Partnerships

ADB has established trust funds and launched initiatives to support capacity building, institutional development, and project-development activities in the areas of clean energy.

Clean Energy Financing Partnership Facility (CEFPF)

The CEFPF comprises a multi-donor Clean Energy Fund (CEF) supported by the governments of Australia, Norway, Spain and Sweden, as well as an individual donor Asia Clean Energy Fund (ACEF) supported by the government of Japan.  Overall target:  $250 million.

CEFPF was developed by the Energy Efficiency Initiative to promote energy security and a transition to low-carbon economies through cost-effective investments, especially in technologies that result in greenhouse gas mitigation.

The facility's resources are also intended to finance policy and institutional reforms, as well as regulatory frameworks that encourage clean energy development.

Climate Change Fund (CCF)

CCF was established in May 2008 to facilitate greater investments in DMCs to effectively address the causes and consequences of climate change alongside ADB’s own assistance in various related sectors.  The CCF will invest in projects that lead to GHG emission reductions and carbon sequestration, biological diversity conservation, and climate proofing of development plans, investments and livelihoods.

Asia Pacific Carbon Fund

APCF formally began operations on May 2007 and has mobilized more than $151 million in financial resources to provide additional resources for clean energy projects through the Carbon Market Initiative.

Future Carbon Fund

The Future Carbon Fund was established in July 2008 to provide upfront cofinancing against future carbon credits to be generated until 2020 for clean energy projects under the Clean Development Mechanism.