Clean Technologies

Transitioning to low carbon technologies is key to fighting climate change and unlocking economic opportunities

CLEAN TECHNOLOGY FUND

EMPOWERING LOW CARBON ECONOMIES

The $5.4 billion Clean Technology Fund (CTF) is empowering transformation in developing countries by providing resources to scale up low carbon technologies with significant potential for long-term greenhouse gas emissions savings. Over $4 billion (75% of CTF resources) is approved for implementation in renewable energy, energy efficiency, and clean transport.

This is expected to leverage another $47 billion in co-financing from other sources. The CTF is at the forefront of financing promising renewable energy technologies, such as concentrated solar power (CSP). CTF $900 million is supporting groundbreaking CSP projects in countries as diverse as Chile, South Africa, and Morocco, and contributing to 1 gigawatt of new power generation.

 

TAPPING TURKEY'S GEOTHERMAL POTENTIAL

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.

Expected Results Highlights

61 MILLION TONS OF GREENHOUSE GAS EMISSIONS

Expected to be avoided per year by 85 CTF projects being implemented worldwide—like taking almost 12 million cars off the road

LEARN MORE ABOUT THE CIF PORTFOLIO

For a decade, the CIF has built a portfolio of over 300 investments in 72 developing and middle-income countries to scale up renewable energy and clean technologies, mainstream climate resilience in development plans and action, and support the sustainable management of forests.