Clean Energy Financing Partnership Facility: Annual Report 2016

Abstract

The Clean Energy Financing Partnership Facility (CEFPF or the Facility) was established by the Asian Development Bank (ADB) in April 2007, to assist developing member countries (DMCs) improve energy security and transit to low-carbon use through cost-effective investments, particularly in technologies that result in greenhouse gas (GHG) mitigation (Appendix 1). CEFPF is composed of the Clean Energy Fund (CEF), the Asian Clean Energy Fund (ACEF), the Carbon Capture and Storage Fund (CCSF) and the Canadian Climate Fund for the Private Sector in Asia (CFPS). The Facility contributes to the energy sector in achieving the scaled up ADB’s annual target set in September 2015, ADB pledged to double its annual climate financing to $6 billion by 2020, with $4 billion for climate mitigation and $2 billion for climate adaptation. The energy sector is expected to contribute about $3 billion to climate mitigation. The overall implementation progress and operational results of CEFPF from the period 01 January to 31 December 2016, measured against the design and monitoring framework (DMF) and the 2016 Annual Work Program, is provided in this 2016 Annual Report. The DMF is attached as Appendix 2.