Project profile — Canadian Climate Fund for the Private Sector in Asia – Technical assistance



Overview 

CA-3-M013850002
$7,392,968
Asian Development Bank (46004)
2013-03-26 - 2037-03-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Asia, regional (100.00%)

Sector 

• General Environmental Protection: Environmental policy and administrative management (41010) (100.00%)

Policy marker 

• Gender equality (not targeted)
• 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 (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disability (not targeted)
• Indigenous Issues (not targeted)
• ICT as a tool for development (not targeted)

Description 

This initiative is a part of the Canadian Climate Fund for the Private Sector in Asia, which funds private sector projects across Asia and the Pacific that help countries reduce their carbon footprint and adapt to the adverse impacts of climate change. During the Fund’s four-year investment period, this technical assistance component provides assistance to select climate-friendly private sector projects or public sector projects that improve the enabling environment for private sector investments. In support of the Fund’s objectives, the technical assistance component aims to support the deployment of new technologies and activities that enable policy and institutional reforms, including the establishment of regulatory frameworks that encourage climate change mitigation and adaptation. As such, the initiative makes funds available to support technical assistance for project preparation, policy development and advisory services, and capacity development, including support for gender mainstreaming in Fund projects. Canada's total contribution to the Fund is expected to leverage up to US $300 million in private sector investment over the Fund's 24-year life and help to reduce greenhouse gas emissions by up to 750,000 tonnes per annum.

Expected results 

The expected intermediate outcomes for this project include: increased implementation of climate change mitigation measures and reduced vulnerability to the adverse effects of climate change.

Results achieved 

Results achieved as of December 2022 through 13 projects funded by grants for technical assistance include: (1) in Bhutan: the Climate-Resilient Hazelnut Value Chain project supported 1,908 farmers, including over 1,169 women in applying a range of climate resilience or adaptation practices in hazelnut farming; (2) in Indonesia, Papua New Guinea, Timor-Leste, and Vietnam: the Olam International Limited Inclusive Sustainable and Connected Coffee Value Chain project promoted inclusive and sustainable agricultural value chains. This includes training about 20,000 smallholder coffee farmers on avoiding deforestation and increasing productivity through climate-smart agriculture practices; (3) in Mongolia: the Sermsang Khushig Khundii Solar project supported the preparation of technical, environmental, social, and legal due diligence reports for the solar project. This involved the construction, operation and maintenance of a 15 megawatt solar power plant and its related facilities; (4) in Samoa: the Development of Solar Power Independent Power Producer project supported the technical, legal, environmental, and social due diligence to finance a 1.8MW expansion of an existing 2.2MW grid-connected solar photovoltaic system on the island of Upolu; and (5) in Sri Lanka: the Capacity Building in Climate Resilience and Organic Farming for Vegetable and Fruit Growers project supporting the training of 2,000 vegetable and fruit farmers (30% women farmers) in best practices for organic and climate-resilient vegetable and fruit farming, and functional financial literacy.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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