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Mitigation of Climate Change through Increased Energy Efficiency and the Use of Clean Energy in the Philippines
  • Clean Technology Fund (CTF)
  • Clean Technology
  • Transport
Project id: XCTFPH059A

Market Transformation through Introduction of Energy Efficient Electric Vehicles Project

PROJECT SNAPSHOT

GENERAL INFORMATION

TitleMarket Transformation through Introduction of Energy Efficient Electric Vehicles Project
Project id
XCTFPH059A
Country
Philippines
RegionAsia
Program

Clean Technology Fund (CTF)

Programming Type
IP
Status
Closed

FINANCING

Approved Amount (USD MILLION)
7.49
FINANCIAL PRODUCT (USD MILLION)
Non-Grant : 7.41
Grant : 0.07
CIF Funding
7.49
Co financing
399
MDB / IMPLEMENTING PARTIES
Asian Development Bank
SECTOR TYPE
Public Sector

DOCUMENTS

Document Links
  • Project Document
  • Decision Document
  • Comments Document
More Information

Motor Vehicle Parts Manufacturers Association of the Phils (August 12, 2012)
Climate Action Philippines/Aksyon Klima | Article | HR 2562 | HR 2633 (August 28, 2012)
United Kingdom (September 5, 2012)
Germany (September 5, 2012)
World Resource Institute (September 5, 2012)

PROJECT FINANCING

APPROVED CIF FUNDING
$7.49M
EXPECTED CO-FUNDING
$399M
SOURCES OF CO-FINANCING
CO-FINANCING RATIO
Government
25% (99M)
MDB
75% (300M)

Data as of December 31, 2021

For latest MDB and Government Focal point, please contact CIF Admin Unit @ cifadminunit@worldbank.org

THIS PROJECT CONTRIBUTES TO THE FOLLOWING SUSTAINABLE DEVELOPMENT GOALS (SDGS):

No Poverty
Gender Equality
 Affordable and Clean Energy
Industry, Innovation and Infrastructure
Climate action

IMPLEMENTING PARTNERS

Asian Development Bank

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