CLEAN TECHNOLOGY FUND

GLOBAL WARMING CAN BE LIMITED BY REDUCING OR AVOIDING GREENHOUSE GASES STEMMING FROM HUMAN ACTIVITIES—PARTICULARLY IN THE ENERGY, INDUSTRY, TRANSPORT, AND BUILDING SECTORS WHICH TOGETHER ACCOUNT FOR OVER 75% OF GLOBAL EMISSIONS1. LOW CARBON TECHNOLOGIES ARE KEY TO ACHIEVING MITIGATION WHILE CREATING NEW ECONOMIC OPPORTUNITIES.

 

ESTABLISHED IN 2008, THE $8.3 BILLION CLIMATE INVESTMENT FUNDS (CIF) ADDRESS THESE CHALLENGES BY DELIVERING INVESTMENTS AT SCALE TO EMPOWER CLIMATE-SMART TRANSFORMATION.

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CTF COUNTRIES

CTF EXPECTED RESULTS

ACHIEVED RESULTS

 Installed renewable energy capacity

35% of overall installed capacity came online in this year’s reporting cycle. Both cumulatively and for this year alone, the largest amount of installed capacity is in the wind sector, with 432 MW this year and 1,430 MW overall.

 Installed renewable energy capacity by region

Europe and Central Asia have the largest amount of cumulative installed capacity (44 percent of the total), followed by Latin America and the Caribbean (33%), Asia (12%) and Africa (11%).

South Africa Solar One (Kaxu) Concentrated SolAR Power project (IFC)

In early 2015, KaXu Solar One Concentrated Solar Power (CSP) project in South Africa, financed by IFC and CTF, became the first operational private sector utility-scale CSP plant in the developing world. This 100MW plant supplies enough base-load energy to power 80,000 households and mitigate roughly 300,000 tCO2/year.

Photos: Abengoa Solar

Emissions reductions achieved through energy efficiency projects

Energy efficiency projects focused on municipal, household, and industrial energy use avoided more than one million tons of CO2 in emissions.

Petropavlovsk/Pavlodar district heating modernization in Kazakhstan

The EBRD and CTF jointly supported the rehabilitation and modernisation of the privately-operated district heating networks in the cities of Pavlodar and Petropavlovsk in north-eastern Kazakhstan, in one of the first CTF-financed infrastructure projects to be implemented. The project addressed the urgent need to modernize district heating infrastructure, resulting in operational cost savings, improved quality and stability of service, reduced hot water and heat losses, and improvements in environmental standards, leading overall to substantial CO2 emissions savings.

Photos: EBRD/Lucia Sconosciuto

CTF-IDB Technological Transformation Program for Bogota’s Integrated Public Transport System

This program is financing the purchase of a pilot fleet of clean technology buses for Bogota’s Integrated Public Transport System (SITP). With technical cooperation resources from the IDB, the program has identified benefits, generated trust, and demonstrated the performance of clean technologies. By working with bus operators, technology providers, financiers, and other value chain stakeholders, the program has created a new local market, with lower

prices. As of December 2015, 287 clean  technology buses had been incorporated into the SITP fleet, including 180 buses directly financed with CTF resources. and other value chain stakeholders, the program has created a new local market, with lower prices. As of December 2015, 287 clean technology buses had been incorporated into the SITP fleet, including 180 buses directly financed with CTF resources.

Results in Co-benefits

CTF investments are resulting in co-benefits across a range of areas including:

 $283M in avoided local air pollution  9,244 new jobs created

Tapping Turkey's Geothermal Potential for Renewable Energy

The European Bank for Reconstruction and Development (EBRD) and the Climate Investment Funds, through its Clean Technology Fund (CTF), are investing $125 million in Turkey's geothermal potential under the PLUTO Initiative (Private Sector Early Stage Development Framework), as part of a global push to scale up renewable energy production.

Notes

1 Intergovernmental Panel on Climate Change, “Fifth Assessment Report (AR5) Synthesis Report,” 2014.

ABOUT THE CTF

The $5.8 billion Clean Technology Fund, is a funding window of the CIF (Climate Investment Funds). It is empowering transformation in developing and emerging economies by providing resources to scale up low carbon technologies with significant potential for long-term greenhouse gas emissions savings.

 

Over $3.8 billion (66 percent of CTF resources) is approved and under implementation in clean technologies such as renewable energy, energy efficiency, and clean transport.

This is expected to leverage another $38 billion in co-financing. CTF concessional financing, channeled to countries through partner multilateral development banks (MDBs), is boosting investor confidence and attracting significant co-financing from other sources.

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 Installed renewable energy capacity
 Installed renewable energy capacity by region
 $283M in avoided local air pollution  9,244 new jobs created
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