Asia-Pacific Climate Finance Fund

Enriched multilateral · Found: 2026-05-06 13:14

ADB fund providing climate finance to Asia-Pacific developing member countries for mitigation and adaptation.

Source: https://www.adb.org/what-we-do/funds/asia-pacific-climate-finance-fund

Funding Details

Funder

Asian Development Bank

Funding Goal

Support development and implementation of innovative financial risk management products to unlock private capital for climate investments and improve resilience to climate change impacts in ADB developing member countries across Asia and the Pacific. Focus areas: climate technology risk transfer, scaling private sector climate financing, promoting climate-sensitive sector investment, and addressing extreme weather events through disaster insurance.

Funding Amount

Multi-donor trust fund, amount varies per project; not disclosed on public page

Deadline

Rolling basis (Rolling)

How to Apply

Projects must be linked to ADB sovereign or private sector operations, or approved third-party projects. Contact ACliFF Fund Manager Andreas Lunding (ADB) for eligibility and project preparation. No open call; project-by-project basis.

Target Region

Asia and the Pacific (ADB developing member countries)

Contact

Andreas Lunding, Senior Climate Change Specialist (Climate Finance) and ACliFF Fund Manager; Noelle O'Brien, Director, Climate Change — via ADB contact portal

Last Checked

2026-05-07 00:29

Application Checklist

Eligibility

• Must be an ADB developing member country government or ADB project implementing entity
• Project must be linked to an ADB or approved third-party climate project

Project Scope

• Financial risk management products must be innovative, scalable, and commercially viable
• Activities must address climate mitigation, adaptation, or disaster risk management

Required Documents

• No direct open call; applications through ADB project cycle

Constraints

• Geographic scope limited to Asia-Pacific ADB member countries

Summary

The Asia-Pacific Climate Finance Fund (ACliFF) is a multi-donor trust fund established in April 2017 and managed by the Asian Development Bank (ADB), with the Government of Germany as its founding financing partner. Its primary objective is to develop and implement innovative, scalable financial risk management products that unlock private capital for climate investments in ADB developing member countries (DMCs) across Asia and the Pacific. Thematically, ACliFF focuses on four priority areas: (1) accelerating the uptake of climate technologies by transferring technology and performance-related risks; (2) scaling up private sector climate financing through new and innovative financing models; (3) promoting climate-sensitive sector investment, particularly adaptation and slow-onset climate-related risks; and (4) improving resilience to extreme weather events, including disaster insurance mechanisms for city governments and MSMEs through the V20 Sustainable Insurance Facility. Eligible activities include the development and implementation of financial risk management products such as guarantees, insurance instruments, and risk-sharing facilities, implemented as part of existing or future ADB or third-party climate projects. Products must be commercially viable and scalable. Geographic scope is all ADB developing member countries across Asia and the Pacific, with no sub-regional restriction stated. All ADB DMCs are eligible recipients of ACliFF-financed products. Eligible beneficiaries are primarily ADB member governments, ADB-affiliated project implementing entities, and in some cases private sector actors operating within ADB-financed projects. There is no direct open call for NGOs or non-profit membership organisations. Budget details are not publicly disclosed; the fund is managed on a project-by-project basis. Co-funding ratios and project sizes are determined during project preparation with ADB. The fund does not have a fixed application window; projects are developed through ADB's standard project cycle.

Historical Context

Established April 2017 with Germany as first financing partner. Multi-donor trust fund. Priorities include technology performance-related risk transfer, innovative financing models, and climate adaptation insurance solutions such as V20 Sustainable Insurance Facility disaster insurance for MSMEs.

Why it was added

discovered from funder #119: Asian Development Bank

Sources

• https://www.adb.org/what-we-do/funds/asia-pacific-climate-finance-fund

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