What is the fund?
The Canadian Cooperation Fund on Climate Change was established in 2001. It aims to assist and engage ADB’s developing member countries (DMCs) at the programming and policy level in the management and abatement of climate change to reduce the growth of greenhouse gas emissions.
What are the priorities?
Priority is given to
- People's Republic of China and India with activities relating to the prime objectives of greenhouse gas emission reductions
- Indonesia with activities relating to carbon sequestration
- Pacific Countries with activities relating to adaptation to climate change
What kind of activities will be financed from the fund?
The objectives of the fund are to
- finance project preparation and capacity building through technical assistance operation for the promotion of renewable energy and energy efficiency
- assist projects with potential access to climate change convention-related mechanisms, including the global environment facility and the clean development mechanism
- support activities consistent with the evolving international rules regarding the use of official development assistance in the clean development mechanism
- support carbon sequestration and adaptation to climate change
- fund technical assistance projects for the provision of policy advice, project preparation, training, institutional support, and other technical assistance and activities
Who is eligible to receive the grant?
Grant recipients are ADB's developing member countries and institutions operating in these countries.
Who supports the fund?
Canada supports the fund.