Manila, Philippines 13 March 2012

CLEAN ENERGY FINANCING PARTNERSHIP FACILITY

Strategic Direction and 2012 Annual Work Program
Pil-Bae Song
Senior Advisor, RSOD concurrently Practice Leader (Energy) Regional and Sustainable Development Department

OVERALL TARGET: $250 Million Fund Resources

CEFPF Results Chain

The Way Forward: Innovate, replicate and scale up clean energy investments in Asia and the Pacific
ADB Portfolio: $2 Billion

Impact
Access to clean energy in DMCs improved Energy security in DMCs improved Rate of climate change decreased

Outcome

Use of clean energy increased

Outputs
CE investments in DMCs increased Deployment of new technologies with strong demonstration effect facilitated New approaches/ methodologies to promote CE/CCS introduced Benefits from access to energy delivered Health, environment and productivity benefits provided

Inputs
CEFPF Resources: $250 mn total in multiyear commitments

CE Investments By 2013

Annual

Leverage

Barriers to CE/CCS investments lowered

PROJECTED RESOURCES
($ millions)
Contributions Remaining balance (2011) Add: CEF: Australia Norway Spain Sweden ACEF: CCSF: Japan Global CCS Institute Total Allocations Service & Audit Fees, Etc. Available for Allocations Total 0.7 10.3 11.0 1.0 19.3 20.4 0.6 11.9 12.6 2.4 41.6 44.0 11.0 20.4 12.6b
a

CEF
6.0 5.0

ACEF
20.4

CCSF
12.6

Total
39.0 a

$5.0 mn anticipated remittance

(3 Jan 2012 f/x rate)

44.0
b

$12.6 mn specific for CCS solutions.

PROJECTED DEMAND
Department
Central and West Asia East Asia Economics and Research Pacific Private Sector Regional and Sustainable Development South Asia Southeast Asia TOTAL Support Requested from CEFPF ($ millions) Total 6.5 11.7 6.4 6.8 9.4 12.7 3.2 56.6 GCI / TALL 8.0 2.0 10.0 TA / DC 6.5 3.7 4.4 6.8 9.4 12.7 3.2 46.6

PRIORITIZATION STRATEGY: Standard Criteria/Guidelines

Per CEFPF IGs & DMF:

Contribution to CEFPFs target outputs, outcomes and impacts Project alignment with identified priorities Readiness for implementation GCIs (given the 70:30 GCI:TA target ratio)

PRIORITIZATION STRATEGY: 2012 Thematic Thrusts

2012 Thrusts to Scale-Up CE Investments:

Access to Energy in Rural and Urban Areas Renewable Energy (wind and solar) Carbon Capture and Storage (CCS) Energy Efficiency CE Projects Leveraging Private Sector Participation

ACTIVITIES
Standard:
Annual consultation meeting Reporting (AR, AWP, Audited FS, etc.) Application processing Information dissemination Coordination Monitoring and evaluation

Special Activities in 2012:

Board approval for expanded use and scope of funds Fund replenishment Further promotion of CEFPF projects and continued expediting of disbursements Enhanced pre-screening of proposals for ACEF AusAID independent evaluation

THANK YOU

psong@adb.org

CLEAN ENERGY FUNDS RESULTS CHAIN

Impact
Access to clean energy in DMCs improved* Access to and supply/delivery of energy services in DMCs improved Energy security in DMCs improved Upward pressure on energy prices in DMCs eased Growth in fossil fuel demand in DMCs eased Rate of climate change decreased Global emissions of carbon/GHG reduced Carbon intensity in DMCs lowered

Outcome

Use of clean energy increased

Outputs
CE investments in DMCs increased

Deployment of new technologies with strong demonstration effect facilitated

New approaches/ methodologies to promote CE/CCS introduced*

Benefits from access to energy delivered*

Health, environment and productivity benefits provided*

Barriers to CE/CCS investments lowered

Activities

Grants from multilateral and bilateral sources pooled

Investments in smaller energy efficiency projects financed

Investments increasing the percentage of people with access to CE in rural and urban areas financed Funds under CEF, ACEF, CCSF and CCFCE replenished

Innovative investment programs and financing mechanisms explored and developed

Pre-commercial CE technology transfer costs catalyzing mainstream adoption financed

Institutional and technical capacity building for CE in DMCs financed

CE knowledge provision and exchange coordinated

New multi-donor/singledonor CE trust funds for specific technologies, geographic areas, etc. established

Framework agreements established

Pro-poor project design & innovative financing for CE supported

Enabling CE policies and legislation established

Knowledge, experience and skill on CE transferred

Awareness of CE and related technologies increased

* New indicators added in the updated Design and Monitoring Framework. Monitoring and reporting on these indicators cover project beginning 2011