Tunisia-Clean Technology Fund (CTF)

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."

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."