Clean Technology Fund

The Clean Technology Fund (CTF),One of the Climate Investment Funds (CIF) ,provides middle income countries with highly concessional resources to explore options to scale up the demonstration, deployment, and transfer of low carbon technologies in renewable energy, energy efficiency, and sustainable transport.World Bank is trustee of this fund.

Each CTF investment plan is tailored by the country to be integrated into national development objectives and to serve as a programmatic organizing framework for the activities of actors across institutions, stakeholder groups, and sectors. More than 100 projects have emerged from these plans. They are expected to have a major impact on reducing CO2 emissions and on strengthening the viability and availability of clean technologies nationally, regionally, and globally.

CTF concessional financing focuses on projects in following areas:

Renewable energy: concentrating solar power, solar photovoltaic, geothermal, wind, small hydro 

Sustainable transport: bus rapid transit, public transportation, high-efficiency vehicles, modal shifts

Energy efficiency: industry, building, district heating, municipal, lighting, appliances

Recently a Credit Agreement for World Bank DPL Loan of US$ 100 million for promoting Inclusive Growth and Sustainable Development has been signed between the Government of India, the World Bank and the Government of Himachal Pradesh here which will be financed by Clean Technology Fund (CTF)

It will help Himachal Pradesh bring in better policies and practices to guide the development of sustainable hydropower; adapt and mitigate the effects of climate change; empower local communities to conserve their watersheds better; promote cleaner methods of industrial production; promote environmentally sustainable tourism; and integrate GIS in decision making.

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