fbpx 52004-004: Supporting the Implementation of ADB's Climate Change Operational Framework 2017-2030 - Enhancing Financial Mechanisms to Develop Climate Actions of Developing Member Countries (Subproject 2) | Asian Development Bank

Regional: Supporting the Implementation of ADB's Climate Change Operational Framework 2017-2030 - Enhancing Financial Mechanisms to Develop Climate Actions of Developing Member Countries (Subproject 2)

Sovereign (Public) Project | 52004-004 Status: Active

Subproject 2 will support enhancement of financial mechanisms for developing climate actions of DMCs. Expected outputs will include: (i) improved DMC knowledge on public and private sources of climate finance, and (ii) innovative financing mechanisms to develop DMC climate actions identified.

 
Project Name Supporting the Implementation of ADB's Climate Change Operational Framework 2017-2030 - Enhancing Financial Mechanisms to Develop Climate Actions of Developing Member Countries (Subproject 2)
Project Number 52004-004
Country Regional
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9744-REG: Supporting the Implementation of ADB's Climate Change Operational Framework 2017 2030 - Enhancing Financial Mechanisms to Develop Climate Actions of Developing Member Countries (Subproject 2)
Technical Assistance Special Fund US$ 800,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance / Finance sector development

Gender Equity and Mainstreaming Some gender elements
Description Subproject 2 will support enhancement of financial mechanisms for developing climate actions of DMCs. Expected outputs will include: (i) improved DMC knowledge on public and private sources of climate finance, and (ii) innovative financing mechanisms to develop DMC climate actions identified.
Project Rationale and Linkage to Country/Regional Strategy

The Climate Change Operational Framework 2017-2030: Enhanced Actions for Low Greenhouse Gas Emissions and Climate-Resilient Development (CCOF2030), approved by the President on 4 July 2017, provides the broad direction and guidance for enhancing resilience and strengthening climate actions in ADB's operations and business processes.

The knowledge and support technical assistance (TA) cluster on Supporting the Implementation of ADB's Climate Change Operational Framework 2017 2030 (CCOF2030) was approved by the President on 7 December 2018. The TA cluster will help boost the capacity of developing member countries (DMCs) for meeting their climate objectives by (i) assisting in refining and translating nationally determined contributions (NDCs) into climate investment plans, which may be implemented with assistance from the Asian Development Bank (ADB); (ii) improving DMCs' access to external public and private climate finance, including support for innovative financing mechanisms; and (iii) developing methods and approaches to establish baselines and monitoring tools for indicators to measure and gauge DMC progress on climate actions and ADB's contribution to these actions. The TA cluster is strongly aligned with Strategy 2030, which highlights tackling climate change, building climate and disaster resilience and enhancing environmental sustainability as one of ADB's operational priorities, i.e., operational priority 3.

Impact Low carbon development and climate resilience in Asia and the Pacific enhanced (Climate Change Operational Framework 2017-2030)
Project Outcome
Description of Outcome Capacities of selected DMCs to implement NDCs enhanced
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

DMC knowledge on public and private sources of climate finance improved

Innovative financing mechanisms to develop DMC climate actions idenified

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 The TA subproject will engage 24 person-months of international inputs (senior climate finance specialist, senior project finance - infrastructure finance specialist); and 48 person-months of national inputs (senior project coordination specialist, and senior country researchers). ADB will engage consultants using individual consultant selection method, as the TA subproject requires a mix of expertise covering various sectors, finding a firm that carries all expertise may be difficult and can cause unnecessary delays; and following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions. Aside from the stated international and national consultants, resource persons and English translators may also be engaged for the training workshops.Selected reports will be published as knowledge products in English and the local language, as needed, with limited print copies prepared and disseminated to workshop participants from DMCs.
Responsible ADB Officer Asseline, Frederic
Responsible ADB Department Sustainable Development and Climate Change Department
Responsible ADB Division SDCD
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 29 May 2019
Last Review Mission -
Last PDS Update 10 Jun 2019

TA 9744-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 May 2019 - 29 May 2019 31 Mar 2021 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
800,000.00 0.00 0.00 0.00 0.00 0.00 800,000.00 29 May 2019 0.00

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Related Publications

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Tenders

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Procurement Plan

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