Clean Technology Fund

CTF $1.2 billion is contributing to development of over 1.2 GW of concentrated solar power across MENA, Chile, India and South Africa -- about 1/3 of 3.4 GW global installed capacity. Photo: Jitendra Parihar/TRF

 

The $5.3 billion Clean Technology Fund (CTF), a funding window of the Climate Investment Funds, was established in 2008 to provide scaled-up financing to middle income countries to contribute to the demonstration, deployment and transfer of low carbon technologies with a significant potential for long-term greenhouse gas emissions savings.  CTF concessional financing, channeled through five partner multilateral development banks (MDB), focuses on large-scale, country-led projects in renewable energy, energy efficiency, and transport.

  • $6.1 billion is allocated under the CTF for 134 projects and programs, expecting co-financing of $51 billion from other sources.
  • CTF allocations are projected to result in approximately 1.7 billion tons of CO2 emission reductions over their lifecycle—like taking 350 million cars off the road.
  • CTF $3.3 billion (54% of CTF allocations) is approved and under implementation for 59 projects, expecting $31 billion in co-financing. Projects aim to deliver 15 GW of renewable energy capacity of which 2 GW is already installed.
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The CTF differs significantly from other mitigation-focused, multilateral climate instruments by focusing on larger transactions in a smaller number of countries. The CTF aims to drive down technology costs, stimulate private sector participation, and catalyze transformative change that can be replicated elsewhere. 

CTF Countries and Programs
Chile  Colombia   
Egypt India
Indonesia Kazakhstan
Mexico Morocco
Nigeria Philippines
South Africa Thailand
Turkey Ukraine
Vietnam Middle East and North Africa Region 

 

Dedicated Private Sector Programs (DPSP)

 

The CTF supports a range of low-carbon technologies and initiatives: 

  • Renewable energy: concentrating solar power, solar photovoltaic, geothermal, wind, small hydro 
  • Sustainable transport: bus rapid transit, public transportation, high-efficiency vehicles, modal shifts
  • Energy efficiency: industry, building, district heating, municipal, lighting, appliances

CTF and the Private Sector

The private sector is a key player in the CTF, with 30% of all investment plan allocations going to private sector projects and programs specified in these plans. In 2013, the CIF embarked on new financing paths that put greater emphasis on reducing barriers to private sector participation. The Dedicated Private Sector Programs (DPSP) under the CTF were created to finance operations that can deliver scale and speed while maintaining country priorities. The DPSP are currently in their second phase and have allocated a total of $ 508.5 million to eight programs reaching countries as diverse as Chile, Colombia, Indonesia, Mexico, Turkey, Haiti , Honduras, Ghana, and Mali.

Measuring Results 
 
For CTF country and program evaluation, performance data and progress reports, view the CTF Monitoring and Reporting section.  
 
Multilateral Development Bank Focal Points:
 
MDB Focal Point
AfDB

Kurt Lonsway, Manager, k.lonsway@afdb.org

Joao Duarte Cunha,Chief Climate Finance Officer, j.cunha@afdb.org

ADB

Jiwan Acharya, Climate Change Specialist (Energy), jacharya@adb.org

EBRD

Andreas Biermann, Senior Policy Manager, biermana@ebrd.com

Marta Simonetti Whitford, Principal Manager, Donor Co-Financing, VP Policy, simonetm@ebrd.com

IDB

Gloria Visconti, Climate Change Lead Specialist, gloriav@iadb.org

Claudio Alatorre, Climate Change Lead Specialist, calatorre@iadb.org

Alfredo Idiarte, CIF Private Sector Focal Pointaidiarte@iadb.org

IFC

Kruskaia Sierra-Escalante,  Global Lead Counsel for Climate and Blended Finance, KSierraescalante@ifc.org

Joyita Mukherjee, Senior Operations Officer, jmukherjee1@ifc.org

Andrey Shlyakhtenko, Operations Officer, AShlyakhtenko@ifc.org

WB

Karan Capoor, Senior Energy Specialist, kcapoor@worldbank.org

Federico Querio, Energy Specialist, fquerio@worldbank.org
 

Updated November 2014