Australian Climate Finance Partnership

The Australian Climate Finance Partnership (ACFP) is a concessional financing facility managed by ADB and funded by the Australian Department of Foreign Affairs and Trade through a grant contribution of up to $93 million. The ACFP is designed to catalyze financing for private sector climate adaptation and mitigation projects in eligible countries in the Pacific and Southeast Asia. ACFP projects promote recovery from the COVID-19 pandemic, as well as gender equality and better economic opportunities for women and girls. It responds to market gaps and demand by de-risking and bringing to market high demonstration impact projects. The fund also aims to partially offset the incremental costs associated with climate-proofing infrastructure and agricultural systems in vulnerable countries and regions, particularly in the Pacific. It seeks to support a range of private sector financing modalities, including project finance, corporate finance, public–private partnerships, joint ventures, privatizations, trade finance, and supply chain finance.