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Climate Innovation and Development Fund

The Climate Innovation and Development Fund (CIDF) is a $25 million, ADB-managed concessional financing fund established with grant commitments from Bloomberg Philanthropies and Goldman Sachs. CIDF has been designed to support climate mitigation and adaptation projects in India and Viet Nam. ADB will deploy funds as grants into its non-sovereign operations to support innovative and high impact climate projects. By offering concessional finance to de-risk projects, the fund aims to leverage up to $500 million in additional financing for private sector innovation in areas such as conventional and non-conventional renewable power generation, sustainable transport, climate-smart urban solutions, grid optimization technology, agriculture and land use, and green manufacturing and construction.

January 2022 - December 2026
Bloomberg Global Coal Countdown

Led by Bloomberg Philanthropies, in partnership with the Powering Past Coal Alliance, and powered by leading data and research organizations, the Bloomberg Global Coal Countdown serves as the primary online resource for monitoring the global efforts to phase out coal. The Bloomberg Global Coal Countdown aggregates data from organizations including Global Energy Monitor, the Center for Global Sustainability at the University of Maryland School of Public Policy, the Centre for Research on Energy and Clean Air, Ember, and E3G. Access to free and transparent data on the status of coal plants around the world is essential to accelerating and tracking the countdown to a clean energy future. The Bloomberg Global Coal Countdown provides a look into the national progress away from coal, highlighting the countries that are leading the way.

January 2021 - December 2024
ETAF Platform

Bloomberg Philanthropies and the International Renewable Energy Agency (IRENA) announced a new COP28 partnership. This partnership aims to accelerate the deployment of clean energy and mobilize capital in emerging markets and developing economies. Bloomberg Philanthropies’ support will enable IRENA to advance efforts to drive the widespread adoption of renewable energy and reduce political, technical, and financial barriers to the energy transition by building capacities in Southeast Asia, Africa, and Latin America, strengthening project finance and preparation through the Energy Transition Accelerator Financing (ETAF) Platform , and facilitating private capital mobilization.

February 2023 - December 2030