Overview
The Carbon Market Program
The Carbon Market Program (CMPs) is one of the Asian Development Bank's (ADB) flagship initiatives to mitigate climate change under its overall Climate Change Program. It is an innovative financing scheme that supports the development of greenhouse gas (GHG) mitigation projects (e.g. renewable energy, energy efficiency) in developing countries in Asia and the Pacific that are eligible under the Clean Development Mechanism (CDM) of the Kyoto Protocol (KP). It builds on and adds value to ADB's sustainable development focus in core public and private financing activities.
Projects
APCF focuses on CDM projects with strong development impacts, and aims to couple action on climate change with the principles of sustainable development. We are currently involved in over 45 CDM projects across Asia and the Pacific. These carbon reduction projects include wind, solar, hydro, biogas, biomass, waste management, energy efficiency and coal mine methane destruction. |
Participants/Sponsors
APCF became operational on 01 May 2007 and has received a total commitment of $151.8 million from seven participants comprising of Belgium, on behalf of the Flemish Region, Finland, Luxembourg, Portugal, Spain, Sweden and Switzerland. The Organizational Meeting of Participants was held on 30 May 2007 at ADB's European Representative Office (ERO) in Frankfurt, Germany. The acceptance of participation to the Fund was closed on 30 June 2007. |
Services
APCF and FCF are unique because they increase the viability of GHG mitigation projects by providing finance at the most critical stage—project preparation and implementation. As of 2009, FCF is one of only three publicly-announced carbon funds that purchase credits beyond 2012, and the only one that is able to make the bulk of the funds available up front to assist in project financing needs. |
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