Project profile — Clean Technology Fund

• Africa, regional (20.00%)
• America, regional (16.00%)
• Asia, regional (63.00%)
• Europe, regional (1.00%)

• Transport And Storage: Road transport (21020) (14.00%)
• Energy Generation, Distribution And Efficiency - General: Energy policy and administrative management (23110) (20.00%)
• Energy Generation, Renewable Resources: Energy generation, renewable sources - multiple technologies (23210) (66.00%)

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

This initiative aims to reduce greenhouse gas emissions over the long term by supporting the use of clean, low-carbon technologies such as wind, solar, geothermal or tidal power, in several developing and middle-income countries. The Clean Technology Fund (CTF) provides new, large-scale financial resources for clean energy projects that help to successfully demonstrate, deploy and transfer low-carbon technologies with significant potential for long-term GHG emissions savings. The CTF supports investments in energy efficiency and in the power and transport sector. The CTF, a multi-donor trust fund created in 2008 as part of the Climate Investment Funds, provides concessional financing to cover the identifiable additional costs of the investment in clean technology necessary to make a project viable. CTF financing leverages significant public and private sector funding, as well as funding from multilateral development banks. The CTF supports 15-20 country or regional investment plans that show significant GHG emissions savings, demonstrate the potential to be replicated elsewhere, are ready to be implemented, and promote environmental and developmental co-benefits that show how low-carbon technologies can contribute to national development goals and strategies.

The expected intermediate outcomes for this project include: Transformed energy supply and demand to low carbon development pathways.

Results achieved as of March 2017 include: (1) the CTF has approved 102 projects totalling US$4.9 billion, of which US$1.9 billion (39%) has been disbursed to projects. As a result of the CTF’s active projects, GHG emissions have been reduced by 8 megatons of CO2 equivalent per year; (2) 1,172 MW of renewable energy capacity have been installed; and (3) 3,591 GWh of energy are being saved annually. In addition to environmental benefits, CTF-funded projects have mobilized US$4 billion in private sector co-financing for renewable energy and have resulted in 9,244 jobs.

• Proactive disclosure