Asian Development Bank Carbon Capture and Storage Fund

The Asian Development Bank (ADB) Carbon Capture and Storage Fund is a multi-partner trust fund established initially with the support of Australia under the Clean Energy Financing Partnership Facility in July 2009. The United Kingdom joined in December 2012.

The fund aims to:

 

“accelerate the demonstration of carbon capture and storage (CCS) technologies; identify, lower and/or eliminate general and country-specific technical, regulatory, institutional, financial, economic, environmental, and/or social barriers to CCS technology demonstration; and identify, eliminate or mitigate real or perceived risks in CCS capture, transport or storage technology demonstration.”

 

All ADB developing member countries are eligible for funding, with initial priority given to the People’s Republic of China, India, Indonesia, and Vietnam.

 

Projects co-financed by the fund are listed at the following link: https://www.adb.org/projects/fund/Global%20Carbon%20Capture%20and%20Storage%20Institute%2C%20United%20Kingdom

Want to know more about this policy ? Learn more