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Funds and Partnerships
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Funds and PartnershipsADB 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 FacilityCEFPF 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 FundCCF was established in May 2008 to provide grant financing for projects, research, analysis, and other activities to address the causes and consequences of climate change in its developing member countries. Asia Pacific Carbon FundAPCF 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 FundThe 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. |
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