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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
Green Banking - Capacity Building for Green Energy and Climate Finance

Participants will gain specific know-how in renewable energy and energy efficiency technologies, as well as appropriate risk evaluation and mitigation schemes. The development of private sector finance instruments for climate change mitigation will be fostered and the readiness to leverage national credit lines with international climate change mitigation schemes will be increased. Knowledge about existing international climate change mitigation funds and the available access opportunities will be disseminated.

January 2015 - January 2022
Cultivation of energy plants on set-aside mining sites in Viet Nam - pilot project II

In Viet Nam, much of the soil on former mining sites is contaminated and no longer usable for the cultivation of food crops. However, these locations do offer potential as sites for the cultivation of eco-friendly energy crops. The project highlighted the feasibility of this innovative approach to climate action by trialling and analysing selected plant species across two vegetation periods. With these additional areas of cultivation, the project also aimed to negate and bypass competition between food crops and energy crops. At the same time, this expansion of energy crop cultivation provided local populations with a climate-friendly income source. Lastly, the project was also fostering improvements to the economic and legal framework for the cultivation of energy crops in Viet Nam.

January 2020 - January 2022
SHIFT - Shifting Investment Flows Towards Green Transformation - scoping mission

From venture capital supporting climate and nature tech solutions, to banks funding major renewables projects, we want our world-leading financial services sector to drive every step of the global transition

January 2022 - January 2023
Promoting RE and Climate Investment Through a Green Credit Line to PT SMI

This projects supports PT SMI in municipal development and renewable energy projects that will help Indonesia’s green recovery.This will contribute to Indonesia’s progress towards the Sustainable Development Goals and benefit the economy, the people, and the environment

January 2015 - January 2025