Clean Technology Fund (CTF)

Start Year

2008

End Year

Ongoing

Status

Active

Geographical Scope

Regional

Description

The $5.4 billion Clean Technology Fund (CTF) is empowering transformation in developing countries by providing resources to scale up low carbon technologies with significant potential for long-term greenhouse gas emissions savings. Over $4 billion (75% of CTF resources) is approved for implementation in renewable energy, energy efficiency, and clean transport.

Main Objectives

Empowering transformation in developing and emerging economies by providing resources to scale up low carbon technologies with significant potential for long-term greenhouse gas emissions savings

Main Activities

Providing positive incentives for the demonstration of low carbon development and mitigation of GHG emissions through public and private sector investments

Promoting scaled-up deployment, diffusion and transfer of clean technologies by funding low carbon programs and projects that are embedded in national plans and strategies to accelerate their implementation

Promoting realization of environmental and social co-benefits thus demonstrating the potential for low-carbon technologies to contribute to sustainable development and the achievement of the Millennium Development Goals

Promoting international cooperation on climate change and supporting agreement on the future of the climate change regime

Utilizing skills and capabilities of the MDBs to raise and deliver new and additional resources, including official and concessional funding, at significant scale

Providing experience and lessons in responding to the challenge of climate change through learning-by- doing. Financial Instruments (for public and private sector entities)