Q. Consider the following statements:
1. Clean Technology Fund (CTF) is at the forefront of financing promising renewable energy technologies.
2. Clean Technology Fund empowers transformation in developing countries.
Which of the statements given above is/are correct?
Clean Technology Fund
The CIF monitors and reports on the Clean Technology Fund’s (CTF) contributions to avoiding greenhouse gas emissions and increasing finance for low carbon development, supply of renewable energy, access to low carbon public transport, and energy efficiency. Implementing MDBs annually collect, aggregate, and report data on these indicators for all approved projects.
Large infrastructure projects such as those financed by CTF take time to implement and ramp up to full operational potential. The results reported thus far reflect the nature of this project development cycle, as well as projects’ varying stages of implementation. Over time, actual results—annual and cumulative—will increase, reflecting CTF’s true impact on the ground.
