Poverty and Environment Fund (PEF) - Asian Development Bank

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
East Asia and the Pacific
South Asia
Thematic focus: 
Tourism in general
Social inclusion and Poverty reduction in Tourism
Sustainability of natural resources in Tourism
Intro text: 
The PEF is a facility that promotes the mainstreaming of environment objectives in ADB operations and poverty reduction strategies, plans, programs, and projects of ADB members.

Official website

www.adb.org/site/funds/funds/poverty-and-environment-fund-pef

Geographic focus

Asia

Who can apply?

Priority is given to demonstrating potential opportunities for environmental improvement and poverty reduction that could become an integral component of ADB-financed projects and those of other agencies.

Objectives and activities

Objective: Through appropriate linkages with ADB operations, the outcome of PEF activities is being sustained by influencing future ADB policy dialogue, and project identification, design, and implementation.

Activities: The PEF is focused on the three main poverty-environment linkages prioritized in the Environment Policy: 

  • protection, conservation, and sustainable use of natural resources and ecosystem services to maintain the livelihoods of the poor
  • reduction of air and water pollution that directly impacts the health and productivity of poor people
  • reduction of vulnerability to natural hazards and disaster prevention.

Examples include: 

  • interventions in the fields of community-based resource management 
  • sustainable utilization of biological resources and biodiversity
  • microfinance 
  • improved market access
  • other livelihood development projects resulting in environmental improvement
  • demonstration of land-use practices that sustain soil fertility or enhance soil and water
  • conservation
  • interventions that bolster the role of women in natural resources management
  • demonstration of environmentally sound technology choices and outputs in agriculture,
  • forestry, fisheries, and industry 
  • tackling of indoor air pollution, waste management, and
  • recycling
  • cleaner production and emission management/monitoring among small- and medium-sized enterprises.

Type and level of funding

The PEF provides a dedicated source of grant financing for collaborative approaches between ADB, other funding agencies, donors and members to purposefully address poverty-environment linkages in Asia and the Pacific.

Norway and Sweden have made initial contributions to the fund.