Title:
Canadian Climate and Nature Fund for the Private Sector in Asia - Technical Assistance
Agreement Number:
7456528 P012801002
Agreement Value:
$10,000,000.00
Agreement Date:
Mar 12, 2024 - Mar 13, 2036
Description:
This Technical Assistance facility supports the Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA). CANPA is a partnership between the Government of Canada and the Asian Development Bank (ADB) aimed at supporting Indo-Pacific developing countries transition to inclusive, low carbon and climate-resilient economies. The technical assistance advances key CANPA objectives in climate change adaptation, nature-based solutions, and gender equality. It does so by supporting the preparation and implementation of projects that are eligible for or in receipt of CANPA concessional financing. It also supports research and knowledge dissemination, policy advice, and capacity development to improve market conditions for private sector investments in climate initiatives that promote gender equality in the Indo-Pacific region.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes of this project include: (1) increased use of renewable energy and low-carbon infrastructure solutions by businesses and individuals, especially women, for nature positive climate change mitigation in project countries; (2) enhanced management of natural capital and biodiversity by businesses and individuals, especially women, for nature positive climate change mitigation and adaptation in project countries; (3) increased quality jobs for women generated by businesses accessing CANPA climate financing; and (4) strengthened resilience of women and girls to climate-related shocks.
Reference Number:
064-2024-2025-Q2-00205
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
Not-for-profit organization or charity
Additional Information:
Belated reporting that should have been included in the 2023-2024 4th Quarter report.
Recipient's Operating Name:
Asian Development Bank
Recipient's Legal Name:
ASIAN DEVELOPMENT BANK (AsDB)
Federal Riding Number:
NA
Program:
International Development Assistance Program
Program Purpose:
The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.