The will facilitate project finance for climate technology transfer in priority sectors, by supporting the use of clean energy and climate resilient technologies in ADB pipeline investment projects. The subproject will offer specialist technical support for activities such as alternative technology analysis in identified priority technology areas, in particular for commercially available technologies that are new to a country or context but are used elsewhere. By providing specialist technology knowledge services tailored to the specific needs of the investment activity, the subproject will contend with investor uncertainty and the lack of familiarity of new technologies. The provision of this technical assistance at the project identification and design stage will address the barriers of lack of information and inadequate human and institutional capacity, thereby reducing the uncertainty and transaction costs associated with the introduction of new technologies.
| Project Name | Promotion of Direct Investment in Priority Climate Technology Projects | ||||
| Project Number | 45134-003 | ||||
| Country | Regional Asian Development Bank |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
|
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Private sector development |
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| Sector / Subsector |
Agriculture, natural resources and rural development / Irrigation - Rural water supply services Energy / Energy sector development and institutional reform Finance / Infrastructure finance and investment funds Transport / Transport policies and institutional development |
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| Gender Equity and Mainstreaming | |||||
| Description | The will facilitate project finance for climate technology transfer in priority sectors, by supporting the use of clean energy and climate resilient technologies in ADB pipeline investment projects. The subproject will offer specialist technical support for activities such as alternative technology analysis in identified priority technology areas, in particular for commercially available technologies that are new to a country or context but are used elsewhere. By providing specialist technology knowledge services tailored to the specific needs of the investment activity, the subproject will contend with investor uncertainty and the lack of familiarity of new technologies. The provision of this technical assistance at the project identification and design stage will address the barriers of lack of information and inadequate human and institutional capacity, thereby reducing the uncertainty and transaction costs associated with the introduction of new technologies. In addition, the subproject will provide seed money for the procurement of low-cost adaptation technologies. | ||||
| Project Rationale and Linkage to Country/Regional Strategy | Projects using new climate technologies face greater technology risks and higher levels of investor uncertainty than incumbent technologies, as well as the resulting higher financing costs. | ||||
| Impact | Increased diffusion of low-carbon and climate resilient technologies in DMCs | ||||
| Project Outcome | |
|---|---|
| Description of Outcome | Increased investment in climate technologies that are commercially available but are new to the country or the sector, in priority sectors. |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | Identification and prioritization of projects for technical assistance Identification of priority sectors and key alternative technologies Technology information packages for key technologies in priority sectors. Technical support at project identification and pipeline entry stage, including alternative technology analysis and presentation of alternative technology options for selected projects Technical support during project design stage, including cost-benefit analysis and pre-feasibility for selected projects Support for capacity building Procurement and demonstration of low-cost adaptation technologies. Enhance knowledge sharing |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Regional |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
|---|---|
| Consulting Services | Climate technology experts (international/individual; 90 person-months) Climate technology experts (national/individual; 60 person-months) |
| Responsible ADB Officer | Zhou, Aiming |
| Responsible ADB Department | Sustainable Development and Climate Change Department |
| Responsible ADB Division | SDAS |
| Executing Agencies |
Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550, Philippines |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | 03 Aug 2012 |
| Last Review Mission | - |
| Last PDS Update | 04 Aug 2011 |
TA 8132-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 03 Aug 2012 | - | 03 Aug 2012 | 31 Aug 2015 | 30 Sep 2015 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 0.00 | 1,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000,000.00 | 03 Aug 2012 | 483,260.95 |
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