PROJECT DESCRIPTION
Eligible non-sovereign projects in India and Viet Nam will have direct, measurable positive climate-related outcomes (mitigation and/or climate adaptation) that are documented by ADB. The fund will offer grants for high-impact, catalytic projects that demonstrate the need for a portion of concessional financing to reach financial close (i.e., projects that would not proceed solely on a commercial basis). ADB will utilize the fund’s financing for projects that adhere to principles as agreed by development finance institutions on the use of blended concessional finance for private sector projects. These include: (i) rationale for using blended concessional finance, (ii) crowding-in and minimum concessionality, (iii) commercial sustainability, (iv) reinforcing markets and (v) promoting high standards. Eligible project types include: Climate mitigation: solar, wind, hydro, biomass, and geothermal power, energy efficiency, sustainable transport, transmission and distribution, energy storage, energy management and smart metering, land use, agriculture and forestry, wastewater treatment, solid waste management, and the accelerated retirement of coal fired power plants. Climate adaptation: water supply and management, agriculture, forestry, land us