Asia-Pacific Climate Finance Fund (ACliFF)
The Asia-Pacific Climate Finance Fund (ACliFF) was established in 2017 by the ADB as a multidonor trust fund aimed at supporting the development and implementation of financial risk management products (including climate risk insurance). The ACliFF strives to assist with the mobilization of investments to improve climate resilience. Germany was the first country to contribute to the ACliFF.
Eligibility to Receive Funding: All ADB developing country members are eligible.
Regional Focus: See above
The sector focus is on financial risk management, including:
- Financial risk management products to scaleup the adoption of climate mitigation and adaptation technologies;
- Risk management products to mobilise new sources of private climate finance;
- Risk management products to support investments in climate-sensitive sectors;
- Risk management products for extreme weather events, to protect climate-vulnerable, poor people.
Funding Conditions: Not yet known.
Application Procedure: Not yet known.
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Metro
Tel: +63 2 6324444