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The Clean Technology Fund (CTF) supports the piloting and scale-up of promising low-carbon technologies in developing countries, through low-cost finance for renewable energy, energy efficiency, sustainable transport, and green industry projects.
Accelerating innovation
Without urgent intervention, the fastest-growing sources of global greenhouse gas emissions globally are set to be the energy and industry sectors in developing countries.
Innovative technologies exist with the potential to cut emissions at scale where it matters most. Through country-led investment plans, the $5.2 billion CTF helps get cutting-edge, clean energy projects off the ground, opening new markets, boosting investor confidence, and unlocking additional sources of finance. This approach has enabled our partner multilateral investment banks to deploy pioneering investment strategies and instruments, achieving an unparalleled 1:10 co-financing ratio and delivering emission reductions of 32.4 Mt CO2 annually (as of 2023).
MEASURING RESULTS
CIF monitors and reports on the Clean Technology Fund's (CTF) contributions to avoiding greenhouse gas emissions, co-finance from public and private entities, installed capacity of renewable energy, access to low carbon public transport, and energy efficiency.
CTF KEY RESULTS
Please note: not all projects contribute to all indicators
INDICATOR
CURRENT RESULTS
TARGET
Annual GHG reductions/avoided
42.3MtCO2
65projects reporting
TARGET:82MtCO2
TARGET:134projects
65projects reporting
TARGET:134projects
Cumulative Co-Financing Mobilized (USD)
$36.1billion
98projects reporting
TARGET:$52.6billion
TARGET:123projects
98projects reporting
TARGET:123projects
Cumulative Installed Capacity
25.2GW
52projects reporting
TARGET:30.9GW
TARGET:88projects
52projects reporting
TARGET:88projects
Annual Energy Savings
5,082GWh/yr
22projects reporting
TARGET:13,724GWh/yr
TARGET:38projects
22projects reporting
TARGET:38projects
- 0%
- 20%
- 40%
- 60%
- 80%
- 100%
| INDICATOR | CURRENT RESULTS | TARGET |
|---|---|---|
| Annual GHG reductions/avoided | 42.3 MtCO2 | 82 MtCO2 |
| 65 projects reporting | 134 projects | |
| Cumulative Co-Financing Mobilized (USD) | $36.1 billion | 52.6 billion |
| 98 projects reporting | 123 projects | |
| Cumulative Installed Capacity | 25.2 GW | 30.9 GW |
| 52 projects reporting | 88 projects | |
| Annual Energy Savings | 5,082 GWh/yr | 13,724 GWh/yr |
| 22 projects reporting | 38 projects |
NO. OF CIF-APPROVED PROJECTS
164
ctf Approved Funding
$5.2B
EXPECTED CO-FINANCING
$57.3B
SOURCES OF EXPECTED CO-FINANCING
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Government
$7.2 B
Bilateral / others
$14.7 B
MDB
$16.5 B
Private sector
$19 B
| Source | Data |
|---|---|
| Government | $7.2 B |
| Bilateral / others | $14.7 B |
| MDB | $16.5 B |
| Private sector | $19 B |
ctf REGIONS
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Asia
31%
Europe & Central Asia
19%
Global
3%
Latin America & Caribbean
16%
Middle East & North Africa
15%
Sub-Saharan Africa
16%
| Region | Data |
|---|---|
| Asia | 31% |
| Europe & Central Asia | 19% |
| Global | 3% |
| Latin America & Caribbean | 16% |
| Middle East & North Africa | 15% |
| Sub-Saharan Africa | 16% |
ctf SECTORS AND TECHNOLOGIES
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Renewable Energy
62%
Renewable Energy / Energy Efficiency
15%
Energy Efficiency
14%
Transport
6%
Energy Storage
4%
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Solar
50%
Geothermal
18%
Mixed RE
14%
Wind
10%
Hydropower
3%
Multiple
3%
Green Hydrogen
1%
Bioenergy
<1%
Waste to Energy
<1%
Others
<1%
| Sector | Data |
|---|---|
| Renewable Energy | 62% |
| Renewable Energy / Energy Efficiency | 15% |
| Energy Efficiency | 14% |
| Transport | 6% |
| Energy Storage | 4% |
| Technology | Data |
|---|---|
| Solar | 50% |
| Geothermal | 18% |
| Mixed RE | 14% |
| Wind | 10% |
| Hydropower | 3% |
| Multiple | 3% |
| Green Hydrogen | 1% |
| Bioenergy | <1% |
| Waste to Energy | <1% |
| Others | <1% |
Data as of December 31, 2023
CTF SUSTAINABLE DEVELOPMENT GOALS CONTRIBUTION
Note: CIF contributions to SDGs only take into consideration projects that are MDB board-approved.
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