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Home»CLEAN TECHNOLOGY FUND

Clean Technology Fund

Geothermal plant in Turkey

 

The Clean Technology Fund (CTF), one of two Climate Investment Funds, promotes scaled-up financing for demonstration, deployment and transfer of low-carbon technologies with significant potential for long-term greenhouse gas emissions savings.  It is expected that the CTF will finance programs in 15 to 20 countries or regions. 
 
What kind of programs does the CTF promote?
 
  • Power Sector: Renewable energy and highly efficient technologies to reduce carbon intensity
  • Transport Sector: Efficiency and modal shifts
  • Energy Efficiency: Buildings, industry, and agriculture  
 
How does the CTF aim to finance transformational actions?
 
  • Providing positive incentives for the demonstration of low carbon development and mitigation of GHG emissions. This will be done though public and private sector investments;
  • Scaling-up development through funding low carbon programs and projects that are embedded in national plans and strategies. In this way, the diffusion and transfer of clean technologies  will be accelerated;
  • Realizing environmental and social co-benefits. This will illustrate the potential held by low-carbon technologies to contribute to the goals of sustainable development and the Millennium Development Goals (MDGs);
  • International cooperation on climate change and supporting agreement on the future of the climate change regime;
  • Utilizing the skills and capabilities of the Multilateral Development Banks (MDBs) to raise and deliver new and additional resources.  These will include official and concessional funding, at significant scale; and
  • Sharing experiences and lessons learned while responding to the challenges of climate change.
 
Which countries can access CTF funds?
 
To be eligible for CTF funding a country must:
When a country expresses interest in accessing CTF financing, the MDBs concerned will conduct a joint mission involving other relevant development partners. MDBs will engage with government officials, private industry and other stakeholders on how the fund may help finance scaled-up, low carbon activities in the given country. An investment plan will be designed under the leadership of the recipient country.