Asia Pacific Carbon Fund (APCF) - Asian Development Bank

Any donor
International Finance Institutions
Geographical focus: 
East Asia and the Pacific
South Asia
Thematic focus: 
Tourism in general
Energy in Tourism
Sustainability of natural resources in Tourism
Intro text: 
The APCF is a trust fund established and managed by ADB on behalf of fund participants. It became operational in May 2007 and is part of ADB’s ongoing Carbon Market Program (CMP), which provides financial and technical support for clean development mechanism (CDM) projects.

Official website

Geographic focus


Who can apply?

Projects should meet the following criteria for eligibility:

  • Be located in one of ADB’s DMCs that is also a non-annex country under the Kyoto Protocol and eligible to host CDM Projects
  • Be financed by ADB through a loan, equity investment, or guarantee, have entered into an agreement(s) with ADB for financing the project, or supported with technical assistance from ADB’s Carbon Market Initiative and have entered into agreements with a third party or parties for financing the project (satisfactory to the Trustee)
  • Generate certified emission reductions (CERs) that result in permanent, not temporary, greenhouse gas (GHG) reductions
  • Comply with ADB Operational Policies and Procedures

Objectives and activities

Objective: The APCF seeks to increase the number of clean energy and energy efficiency projects in ADB developing member countries (DMCs). It is also designed to assist APCF participants in satisfying their legally binding emission reduction commitments under the Kyoto Protocol. The fund also aims to capitalize increased investments from developed countries to improve energy access in the Asia and Pacific region.

Activities: The APCF is targeting the following project types:

  • energy efficiency, covering industrial technology, supply-side technology (e.g., upgrade of generation equipment) and public transport and vehicle efficiency 
  • renewable energy, covering small-to mid-scale run-of-river hydropower, biomass, wind, solar and geothermal power 
  • methane capture and utilization which include coalmine methane and solid waste and waste water treatment

Type and level of funding

The fund participants are:

  • Fundo Portugues de Carbono (Portugal) 
  • Swedish Energy Agency (Sweden) 
  • The Grand-Duchy of Luxembourg 
  • Climate Cent Foundation (Switzerland) 
  • The Ministry for Foreign Affairs of Finland 
  • Belgium, on behalf of the Flemish Region 
  • The Kingdom of Spain