Clean Energy Financing Partnership Facility: Annual Report 2016
ADB's Clean Energy Financing Partnership continues to provide critical financial support to clean energy projects with $2.1 billion in clean energy investments in 2016.
The Clean Energy Financing Partnership Facility (CEFPF) was established by ADB in April 2007, to assist developing member countries improve energy security and transit to low-carbon use through cost-effective investments, particularly in technologies that result in greenhouse gas mitigation. CEFPF is composed of the Clean Energy Fund, the Asian Clean Energy Fund, the Carbon Capture and Storage Fund and the Canadian Climate Fund for the Private Sector in Asia. The Facility contributes to the energy sector in achieving the scaled up ADB’s annual target set in September 2015, ADB pledged to double its annual climate financing to $6 billion by 2020, with $4 billion for climate mitigation and $2 billion for climate adaptation. The energy sector is expected to contribute about $3 billion to climate mitigation.
This annual report provides CEFPF's operational results and overall implementation progress from 1 January to 31 December 2016.
- Highlights and Key Achievements
- Results Framework
- Financial Status
- Management of the Facility
- Relationship with Financing Partners
- Lessons Learned, Experiences Gained, and Key Constraints
- External Factors Relevant to the Facility
- Overview of 2017 Annual Work Program