modalities

Clean Energy Financing Partnership Facility

The Clean Energy Financing Partnership Facility had surpassed its 2020 target of 20 million tCO2e (tons of CO2 equivalent) annual emissions reduction and had provided 393,985 households with access to clean energy. The facility also initiated a technical assistance to pilot smart air-conditioning systems that could help reduce the transmission of viruses, including COVID-19.

At A Glance

4

Trust Funds

24.7 million

tCO2e annual reduced emissions

12.5 TWh-eq

annual energy savings

7.2 TWh

annual renewable energy generation

393,985

households provided with access to clean energy

$840,000

new contribution in 2020

Trust Funds

  • Asian Clean Energy Fund
  • Canadian Climate Fund for the Private Sector in Asia
  • Carbon Capture and Storage Fund
  • Clean Energy Fund

Contributors

  • Australia
  • Canada
  • Global Carbon Capture and Storage Institute*
  • Japan
  • Norway
  • Spain
  • Sweden
  • United Kingdom
*The Global Carbon Capture and Storage Institute was a contributor to the Carbon Capture and Storage Fund from 2009 to 2018.

As of 2020, the Clean Energy Financing Partnership Facility (CEFPF) has supported projects that are expected to reduce emissions in ADB’s member countries by 24.7 million tCO2e per year, surpassing its 2020 target of 20 million tCO2e annually. Projects that will promote energy efficiency are expected to save about 12.5 TWh-eq (terawatt-hour equivalent) of energy savings per year, while projects facilitating the deployment of renewable energy technologies are expected to install about 2,209.2 MW (megawatts) of energy capacity and generate 7.2 TWh per year of renewable energy.

To date, the CEFPF has provided 393,985 households with access to clean energy. It has also helped increase clean energy investments in Asia and the Pacific, leveraging from ADB, the private sector, and the non-private sector about $8 billion of clean energy investment.

Smart Air Conditioning Against COVID-19

The Clean Energy Fund under the CEFPF is cofinancing the piloting of a clean and smart centralized air-conditioning system in public buildings that can reduce energy consumption and contain indoor virus transmission, including COVID-19.

In 2020, the CEFPF allocated $12.0 million to 11 projects composed of 1 grant component of an investment project, 3 technical assistance linked to loans, and 7 stand-alone technical assistance. To date, the CEFPF has allocated $242.7 million to 210 projects. Of this total, $240 million was allocated to 207 projects, contributing to the development and deployment of clean energy technologies. The remaining $2.7 million from the Canadian Climate Fund for the Private Sector in Asia was allocated to three climate change adaptation projects.

In the coming decade, the CEFPF will also continue to support projects focusing on energy efficiency; access to energy; renewable energy; carbon capture, utilization and storage; sustainable transport; as well as those that will engage the private sector to invest in clean energy. It will prioritize support for project preparatory assistance for clean energy and energy access–related projects, and pilot projects that will deliver innovative designs and high-level technology adoption and deployment. Read the CEFPF Annual Report 2020.

Asian Clean Energy Fund (2008)

Total Contributions Committed

$55.7 million

Committed to Projects

$59.6 million for 42 projects

Investment income, gains on foreign exchange transactions, and savings on closed projects are used for project commitments. Hence, project commitments may exceed contributions committed.
Contributor
  • Japan

The Asian Clean Energy Fund (ACEF) supports developing members in their efforts toward reducing greenhouse gases through the utilization of renewable energy and energy efficiency technologies. ACEF prioritizes activities that will be implemented in cooperation with Japanese aid agencies as part of the Enhanced Sustainable Development for Asia initiative.

Canadian Climate Fund for the Private Sector in Asia (2013)

Total Contributions Committed

$80.1 million

Committed to Projects

$75 million for 20 projects

Contributor
  • Canada

The Canadian Climate Fund for the Private Sector in Asia aims to catalyze greater private sector investment in climate change mitigation and adaptation by helping the private sector overcome technology risks and cost hurdles to initiate and scale up projects that reduce greenhouse gas emissions and increase climate resilience.

Carbon Capture and Storage Fund (2009)

Total Contributions Committed

$58.8 million

Committed to Projects

$21.8 million for 13 projects and direct charges

Contributors
  • Global Carbon Capture and Storage Institute ($7.4 million)
  • United Kingdom ($51 million)
Gains or losses on foreign exchange transactions may cause differences in contributed amount vs total cumulative contributions committed.

The Carbon Capture and Storage Fund (CCSF) aims to accelerate the physical deployment of carbon capture and storage demonstration projects by promoting projects, engaging in capacity development for carbon capture and storage, supporting geological investigations and environmental studies related to potential carbon dioxide storage sites, and undertaking community awareness and support programs. The Global Carbon Capture and Storage Institute was a contributor to the CCSF from 2009 to 2018.

Clean Energy Fund (2007)

Total Contributions Committed

$131.8 million

Committed to Projects

$97.5 million for 78 projects and direct charges

Contributors
  • Australia ($12.6 million)
  • Norway ($50.2 million)
  • Spain ($9.5 million; net of $500,000 for clean energy expert)
  • Sweden ($32.1 million)
  • United Kingdom ($27.4 million)

In 2020, the Clean Energy Fund (CEF) received new contributions from Norway ($226,000) and the United Kingdom ($614,000).

CEF supports the grant component of investment and technical assistance that leads to increased investment in clean energy, through a combination of efficient energy use that extracts greater service value from each primary energy unit consumed and increased use of indigenous forms of renewable energy.

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