Mexico-Clean Technology Fund (CTF)

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Contents

Overview

"The Clean Technology Fund (CTF), one of two Climate Investment Funds, promotes scaled-up financing for demonstration, deployment and transfer of low-carbon technologies with significant potential for long-term greenhouse gas emissions savings. It is expected that the CTF will finance programs in 15 to 20 countries or regions.

  • Enable the Middle East and North Africa to contribute the benefit of its unique geography to global climate change mitigation -- no other region has such a favorable combination of physical and market advantages for solar generation projects
  • Support the deployment of about 1 Gigawatt of generation capacity, amounting to about 15% of the projected global pipeline and a two-fold increase in the current global installed capacity
  • Support associated transmission infrastructure in the Maghreb and Mashreq for domestic supply and exports, as part of Mediterranean grid enhancement that will enable the scale up of CSP through market integration in the region
  • Leverage over US$ 3 billion in public and private investments for CSP power plants, thereby almost tripling current global investments in CSP
  • Support MENA countries to achieve their development goals of energy security, industrial growth and diversification, and regional integration"

Activities

Middle East and North Africa Regional Program (Algeria, Egypt, Jorban, Morroco, Tunisia)

"The Middle East North Africa region has developed a Concentrating Solar Power (CSP) Country Investment Plan as part of the Clean Technology Fund which "finances scaled-up demonstration, deployment and transfer of low carbon technologies." The investment plan helps increase solar generation capacity and infrastructure and encourages public and private sector investments in renewable energy."

Indonesia

"Indonesia's geothermal power capacity is set to nearly double following the endorsement of a new climate investment fund plan. The $400 million plan, endorsed by the Trust Fund Committee of the Clean Technology Fund (CTF), will help transform Indonesia's use of renewable energy and ultimately support the government to meet its long-term goal of reducing greenhouse gas emissions by 26% in 2020. The plan will use co-financing from the multilateral CTF to expand large-scale geothermal power plants and to accelerate initiatives to promote energy efficiency and renewable energy by creating risk-sharing facilities and addressing financing barriers to small- and medium-scale investments. Under the Indonesia plan, The CTF is slated to mobilize an additional $2.7 billion from a range of other sources."

Ukraine

"...CTF co-financing of $350 million to support the Government of Ukraine's ambitious goal of keeping emissions 50 perent below 1990 levels, i.e. net zero emissions growth, by 2050. Specificially, the Investment Plan proposes CTF co-financing for reducing risks and overall costs of investing in renewable energy, energy efficiency in residential and government buildings, district heating and industry, introduction of Smart Grid components in the transmission system, and zero emissions power generation from the gas network. The CTF investments will mobilize financing of about $2.255 billion from multilateral financiers, Ukranian counterparts, and private sector financing."

Other Countries

Mexico, Morocco, Philippines, South Africa, Thailand, and Turkey have "developed a Country Investment Plan as part of the Clean Technology Fund which "finances scaled-up demonstration, deployment and transfer of low carbon technologies"."


Outcomes, Lessons Learned and Good Practices

Middle East and North Africa Regional Program (Algeria, Egypt, Jorban, Morroco, Tunisia)

"The Clean Technology Fund (CTF) approved financing of $750 million on December 2, 2009, as part of an investment plan which will mobilize an additional $4.85 billion from other sources, to accelerate global deployment of Concentrated Solar Power (CSP). It will do so by investing in the CSP programs of five countries in the Middle East and North Africa: Algeria, Egypt, Jordan, Morocco, and Tunisia."


References

  1.  "Mexico-CTF Investment Plan"