What is the fund all about?

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

What are the priorities?

CCF will focus on three areas:

• clean energy development – prioritizing interventions that help DMCs achieve energy security and transition to low carbon economies through cost effective investments, especially in pre-commercial clean energy (CE) technologies, that result in greenhouse gas (GHG) mitigation, and financial, policy and institutional reforms, as well as regulatory frameworks that encourage CE development and energy access.
• reduced emissions from deforestation and degradation – prioritizing interventions that maintain, restore and enhance carbon-rich natural ecosystems, especially forests, and prevent these carbon sinks from becoming sources of GHG emissions. Also aimed at maximizing co-benefits from sustainable development and the conservation of biodiversity and generation of other ecosystem services and ecological processes.
• improved land use management and adaptation – focusing on interventions that will enhance the climate resilience of infrastructure and other investments, community livelihoods and key sectors, especially in the following geographic areas: arid and rain-fed agricultural areas; densely populated coastal lowlands and deltas; and low-lying islands.

What kind of activities will be supported from the fund?

The following types of activities may qualify for CCF support:

• Preparation of relevant strategies or action plans for ADB, its regional departments, and DMCs
• Investment in climate change mitigation or adaptation measures
• Development of knowledge products and services related to climate change
• Facilitating knowledge management activities, including regional conferences and Workshops
• Funding to off-set ADB’s corporate carbon footprint.

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. Proposals for CCF support should:

• be consistent with the country partnership strategy and results framework
• be consistent with the objectives of ADB’s Climate Change Program (CCP)
• introduce innovative solutions
• adopt a participatory approach
• be catalytic
• have high demonstration value in the sector
• have good potential for replication and scalability in the country and/or region

Who supports the fund?

ADB is working with regional and private partners in support of this fund.