Supporting Low Carbon Development in Asia and the Pacific through Carbon Markets (ADB-49270-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 18, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Regional
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 67,944.41 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 6, 2017

Disclosed by Bank Jan 4, 2016


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Project Description
According to ADB website, the Carbon Market Program (CMP), established in 2006, is one of the flagship climate change initiatives of the Asian Development Bank (ADB) providing technical support and carbon finance to mitigation projects in ADB's developing member countries (DMCs). The CMP includes (i) the Asia Pacific Carbon Fund; (ii) the Future Carbon Fund; and (iii) the Technical Support Facility. The Technical Support Facility has been the main instrument through which ADB provides capacity building support to its DMCs for enhancing mitigation actions through carbon markets. The impact of the TA will be participating DMCs in Asia and the Pacific effectively transition to low-carbon growth. The outcome of the TA will be that the knowledge, understanding, and use of existing and new carbon markets and mechanisms by DMCs will be enhanced.
Investment Description
  • Asian Development Bank (ADB)
TA 9062-REG: Supporting Low Carbon Development in Asia and the Pacific through Carbon Markets Government of Luxembourg - US$ 67,942.98 Finland (w/ LoA) - US$ 1.43 million
Contact Information
Project Officer: Duggal, Virender K. SDTC No contact information provided at the time of disclosure, ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main