Climate Change Fund (CCF)

What is the fund all about?

The CCF was established in May 2008 to facilitate greater investment in developing member countries (DMCs) to effectively address the causes and consequences of climate change. The CCF is a key mechanism for pooling resources within ADB to address climate change through technical assistance (TA) and grant components of investment projects.

What are the fund's priorities?

CCF will focus on three areas:

What activities are supported by the fund?

The following types of activities may qualify for CCF support:

More specifically, CCF resources are meant to be used for technical assistance, investment components of projects and direct charges.

Who is eligible to receive funding?

All DMCs are eligible for CCF resources. Project proposals are submitted by ADB’s User departments to the Climate Change Steering Committee (CCSC) in ADB for CCF support. The CCSC reviews and makes recommendations on the applications for CCF allocation. Applications are reviewed in six batches and are due on 31 January, 31 March, 31 May, 31 July, 30 September, and 30 November.

Who supports the fund?

ADB is working with regional and private partners in support of this fund, which is financed by ADB's net income and Ordinary Capital Resources (OCR).

Fund Status

As of 31 December 2012, the $50 million ADB financing for the CCF has been fully allocated to 60 projects -- 24 on CE development, 9 on REDD+, and 27 on adaptation.

 

 
This page was generated from http://www.adb.org/site/funds/funds/climate-change-fund on 04 August 2015