Aid Type
Objectives
The Canadian Climate Fund for the Private Sector in Asia was established in March 2013. The fund aims to catalyze greater private investment in climate change mitigation and adaptation in Asia and the Pacific. The fund will aim to play a key role in helping to overcome leading edge technology risks and cost hurdles in order to initiate and scale-up projects to reduce greenhouse gas emissions and increase climate resilience. The fund is ADB’s first concessional debt cofinancing facility specifically oriented to support private sector operations to combat climate change.
Global Funding Allocation (Donor Currency)
USD $82.39 million
Global Funding Allocation (USD)
82,390,000
Status
Co-financing Required?
Yes
Financing Modality
Contact Details
ADB HQ - +63 2 632 4444
Website
http://www.adb.org/site/funds/funds/canadian-climate-fund-for-the-private-sector-in-asia
Application Procedure
Country Partnership Strategy developed (CPS), before project identification and preparation, due diligence and finally approval. More information on this detailed process can be obtained from the ADB website
Sectoral Focus
Country Focus