ASEAN Catalytic Green Finance Facility (ACGF) Green Recovery Program

Project Dates: August 2022 - August 2041
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ASEAN Catalytic Green Finance Facility (ACGF) Green Recovery Program
PROJECT OBJECTIVE

To promote low-emission investments in Southeast Asia, supporting economic recovery following COVID-19 by catalyzing increased climate finance from both private and public sectors.

PROJECT DESCRIPTION

This initiative is designed as Asia's first regional 'green recovery' program, aiming to kickstart countries' low-emission investments to support economic recovery following COVID-19. By catalyzing increased climate finance from both the private and public sectors, the program will support at least 20 high-impact, low-emission sub-projects in the region.


SECTORS OR AREAS OF WORK
  1. Climate finance


BUDGET

USD 3,685,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
  2. GCF - Green Climate Fund
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
ADDITIONAL INFORMATION

https//www.greenclimate.fund/project/fp156


BUDGET

USD 3,685,000,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. ADB - Asian Development Bank
  2. GCF - Green Climate Fund
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE