Asia Pacific Climate Finance Fund Grant
In context
This call is open to large companies, non-profits and local authorities and 2 others, at prototype and pilot stage and scale-up and mature. Coverage is read from the notice itself: Asia, Se-Asia and South-Asia and 2 others.
This fund provides financing to catalyze climate finance for both mitigation and adaptation projects across developing member countries in Asia and the Pacific. It targets public and private sector entities working on climate-related infrastructure and programmes.
About this grant
The Asia-Pacific Climate Finance Fund (ACliFF) is an ADB-managed, multi-donor trust fund established in April 2017. Its objective is to support the development and implementation of financial risk management products that can help unlock capital for climate investments and improve resilience to the impact of climate change. The fund prioritises financial risk management products that have been proven elsewhere but are not yet widely commercially available in ADB's developing member countries (DMCs). ACliFF supports innovative, scalable and commercially viable financial risk management products that increase investment in climate change mitigation, adaptation and disaster risk management in ADB's DMCs. Eligible products must work toward at least one of four objectives: supporting climate technologies by transferring initial technology and performance-related risks; scaling up private sector climate financing by managing risks of initial deployment of new financing models; promoting climate-sensitive sector investment, including slow-onset climate risk adaptation; and addressing extreme weather events, such as disaster insurance for city governments and support for V20 Sustainable Insurance Facility disaster insurance solutions for MSMEs. The fund was established with the Government of Germany as its first financing partner. Products supported by the fund can be implemented alongside both ADB and third-party climate and development projects, aligning with ADB's Strategy 2030 priorities on climate change, resilience and environmental sustainability. The page lists related projects, publications and news, including disaster relief bonds and climate insurance programmes in the Kyrgyz Republic, Tajikistan, Cambodia and Fiji.
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Eligibility
All ADB developing member countries are eligible to receive financing from the fund. Support is delivered through ADB and third-party climate and development projects, with products implemented alongside those projects. No organisation-type, stage or prior-recipient restrictions are stated on the page.
Key requirements
- ✓Applicant must be a developing member country of the Asian Development Bank
- ✓Project must address climate mitigation or adaptation needs
- ✓Financing support is catalytic in nature, likely requiring co-financing or blended structures
Funder contact
The notice names a programme contact you can speak to before applying.
Frequently asked questions
- Who can apply for Asia Pacific Climate Finance Fund?
- Eligibility covers organisations in ASIA, SE-ASIA, SOUTH-ASIA, EAST-ASIA, OCEANIA; large-company, nonprofit, local-authority, university, research-institution. See the eligibility criteria above for the full conditions.
Relevant sectors
About this sector
Climate adaptation funding helps communities, infrastructure and businesses prepare for heat, flooding, drought and sea level rise. Most of it is public and multilateral money, often targeted at vulnerable regions and delivered with local government. Calls usually ask for a climate risk assessment and evidence that local people shaped the plan.
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