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Call for proposals under AIDF

Press Releases
The Artificial Intelligence and Digitalization Innovation Fund (AIDIF) is the latest trust fund to be established under the Clean Energy Financing Partnership Facility (CEFPF). The AIDIF aims to develop clean energy technologies utilizing innovative and promising artificial intelligence and…

CEFPF Supports Two New Technical Assistance

Press Releases
On 30 September 2021, the Climate Change Steering Committee authorized the allocation of $2.5 million in funding support from the Canadian Climate Fund to the Private Sector in Asia (CFPS) and the Carbon Capture and Storage Fund (CCSF) under the Clean Energy Financing Partnership Facility (CEFPF)…

External Evaluation of the Clean Energy Financing Partnership Facility

Press Releases
An external evaluation of the performance of the Clean Energy Financing Partnership Facility (CEFPF) will be conducted in 2022 as requested by the financing partners. The external evaluation will assess how effective CEFPF is in helping ADB achieve its clean energy goals, while also meeting…

$66 billion climate finance committed by MDBs in 2020

Press Releases
Major multilateral development banks including ADB committed $66 billion in 2020 from $61 billion in 2019. Around $38 billion (58% ) has been committed for low to middle-income countries. This is according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance …

ADB Raises 2019–2030 Climate Finance Ambition to $100 Billion

Press Releases
President Masa on 13 October announced the increase in ADB climate finance target from $80 billion to $100 billion from 2019 to 2030. About $17 billion in climate finance is expected to be registered for 2019 to 2021.The additional $20 billion will provide support for the climate agenda in five…

ADB Ventures raising funds for new debt fund

Press Releases
Building on the momentum and success from the first inaugural equity fund, ADB Ventures is setting up a second investment fund to address ongoing market financing gaps to support early-stage and growth companies in scaling up their operations. According to the ADB Ventures newsletter…

ADO 2021 emphasizes green and inclusive financing in building back better and sustainably

Press Releases
On 28 April, the Asian Development Outlook 2021 was released. The report stresses the importance of green and social finance in ensuring inclusive, resilient and sustainable recovery for Asia and the Pacific Region from the coronavirus pandemic.ADO 2021 outlined the role of different players in…

CEFPF Annual Consultation Meeting Held

Press Releases
The 14th Annual Consultation Meeting (ACM) for the Clean Energy Financing Partnership Facility (CEFPF) was held on 17 November 2021. The Chief of Energy Sector Group Priyantha Wijayatunga welcomed representatives from the Governments of Australia, Japan, Norway, Spain, Sweden and the United…

Clean Energy Financing Partnership Facility Update

Press Releases
The Philippines remains acutely vulnerable to climate change and challenges for financing climate actions are made worse by the COVID-19 pandemic. In 2021, the Philippine government announced its new climate targets in the Nationally Determined Contribution under the Paris Agreement, committing to…

MDB climate finance reached $61 billion in 2019

Press Releases
Based on the 2019 Joint Report on Multilateral Development Banks’ Climate Finance, seven of the world’s largest multilateral development banks (MDBs) including ADB, were able to mobilize $61.6 billion in 2019, with $41.5 billion (67%) for low- and middle-income economies.Of the total amount,…