Clean Technology Fund

Published purpose

This initiative aims to reduce greenhouse gas emissions over the long term by supporting the use of clean, low-carbon technologies such as wind, solar, geothermal or tidal power, in several developing and middle-income countries. The Clean Technology Fund (CTF) provides new, large-scale financial resources for clean energy projects that help to successfully demonstrate, deploy and transfer low-carbon technologies with significant potential for long-term GHG emissions savings. The CTF supports investments in energy efficiency and in the power and transport sector. The CTF, a multi-donor trust fund created in 2008 as part of the Climate Investment Funds, provides concessional financing to cover the identifiable additional costs of the investment in clean technology necessary to make a project viable. CTF financing leverages significant public and private sector funding, as well as funding from multilateral development banks. The CTF supports 15-20 country or regional investment plans that show significant GHG emissions savings, demonstrate the potential to be replicated elsewhere, are ready to be implemented, and promote environmental and developmental co-benefits that show how low-carbon technologies can contribute to national development goals and strategies.