Annex B. Available multilateral funding for new energy-efficient technologies
Table A B.1. Available multilateral funding for new energy-efficient technologies | ||||||||
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Name | Year created | Donors | Mission | Eligibility | Focus areas | Corpus | Type of assistance | Key outcomes |
Clean Technology Fund | 2008 | Australia, Canada, France, Germany, Japan, Spain, Sweden, United Kingdom, United States | To promote scaled-up financing for demonstration, deployment and transfer of low-carbon technologies with significant potential for long-term greenhouse gas emissions savings. | ODA eligible countries under OECD-DAC list | Renewable energy; Energy efficiency in power, transport, industry, buildings and agriculture | USD 5.4 billion | Blend of instruments: Grants, contingent grants, concessional loans, equity and guarantees. Grant element at least 25%. | USD 4.8 billion used by 2021; 5392 GWh annual energy savings from 19 projects |
Global Environment Facility | 1991 | 40 donor countries, both developed and developing | To address the most pressing environmental issues, including by supporting technology transfers | Developing countries and economies in transition | Biodiversity loss, Chemicals and waste, Climate change, International waters, and Land degradation | USD 5.3 billion for 2022-26 | Grants, blended finance | USD 22 billion provided till date |
Green Climate Fund | 2010 | Annex 1 countries under the Paris Agreement | To support low-emission, climate-resilient development pathways, including investing in new technologies. | Non-Annex 1 countries under the Paris Agreement | Adaptation; Mitigation | USD 10 billion | Flexible combination of grant, concessional debt, guarantees or equity instruments. | USD 2.9 billion used in 32 projects by 2021; |
Special Climate Change Fund | 2001 | Belgium, Canada, Denmark, Finland, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, United States | To support adaptation and transfer of climate-resilient technologies to developing countries | Non-Annex 1 countries under the Paris Agreement | Adaptation; Transfer of technologies | USD 375 million | Grants | USD 355 million invested in 87 projects |
Note: OECD-DAC list of ODA eligible countries can be found on OECD website. Annex 1 and Non-Annex 1 countries under the Paris Agreement are listed on UNFCCC website. | ||||||||
Source: Funds’ and Facilities’ websites. |
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