The 2018 Annual Meetings of the African Development Bank Group will be held on May 21-25, 2018 in Busan, Korea. Find out more
CTF strongly focuses on private sector engagement. Private capital, expertise and commercial discipline can make a big difference in implementing clean technology strategies. Increasingly, governments are recognizing that a combination of appropriate public sector policies and private sector action can achieve sweeping, transformational change to climate resilient development that minimizes the output of greenhouse gas emissions.
CTF offers a mix of financial incentives, risk mitigation tools, technical assistance, and knowledge transfer that can help make adaptation and mitigation investments more attractive to private investors.
Examples of how the CTF is working to help break down barriers to private investments in energy efficiency and renewable energy projects include:
Early results are encouraging. The private sector is involved in all approved CTF investment plans in Africa. Moreover, private sector representatives participate in CIF governance, serving as observers to the various fund committees.