What is the fund?
The first Danish Cooperation Fund for Renewable Energy and Energy Efficiency in Rural Areas was established in ADB in December 2001 as part of ADB’s Renewable Energy, Energy Efficiency, and Climate Change (REACH) program. The REACH program was launched in 2002 to promote sustainable development in Asia and the Pacific through renewable energy, energy efficiency and greenhouse gas abatement (REGA) technologies and increase access of the poor to energy services.
What are the priorities?
The priorities of the fund are to:
- reduce poverty and improve living conditions for communities in areas underserved by national power grids and other forms of modern energy
- promote greenhouse gas abatement
What kind of activities will be financed from the fund?
- institutional development/capacity building on renewable energy and energy efficiency and greenhouse gas abatement technologies in rural areas
- development of support services such as norms and standards, certified skills, information, and maintenance
- pilot projects designed to disseminate renewable energy
- awareness, capacity development, and pilot activities to minimize adverse effects of cook stoves
- regional dissemination of "best practice" and new approaches developed under the program
- capacity building for country/regional assessments and strategies for greenhouse gas abatement
Who is eligible to receive the grant?
Eligible countries are developing member countries with annual per capita GNP of less than $2,500.
Who supports the fund?