22 April 2019

Canadian Climate Fund for the Private Sector in Asia II

Written by Asian Development Bank
22 April 2019

Date of effectiveness: 03.2017

Established in March 2017, the Canadian Climate Fund for the Private Sector in Asia II is a CAD200 million fund designed to support greater private sector participation in climate change mitigation and adaptation in low and lower middle income countries and upper middle-income small island developing states in Asia and the Pacific. The fund will also seek to promote gender equality and the empowerment of women and girls in projects supported by the fund.

The fund will aim to play a key role in helping the private sector overcome development risks (including market risks, technology risks, financing risks, regulatory and other risks) by offering financing on concessional terms and conditions to projects that would not proceed solely on a commercial basis