ASEAN Catalytic Green Finance Facility 2022: Building Southeast Asia’s Green Project Pipelines
With $1.9 billion in cofinancing funds and technical assistance, the ACGF has, in its first 4 years, successfully supported 39 projects and concepts in different stages of development, with six ACGF-eligible projects approved for financing by the ADB Board of Directors. The six ACGF-eligible projects represent $3.2 billion in expected total project costs, including $70 million in financing from AIF, $1.9 billion from ADB and $464 million from four ACGF partners. Together, the projects are estimated to result in the reduction of 408,434 tons of carbon dioxide equivalent (tCO2e) per year and have the potential to catalyze $72 million for capital expenditure and $150 million per year for operations and maintenance expenditure from private, institutional and commercial funds.
This was first posted on the ADB website.