About This Fund
The Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA) is a CAD 360 million government-sponsored impact investment facility established in 2024 through a partnership between the Government of Canada and the Asian Development Bank (ADB). Canada contributes CAD 350 million in project investment capital and CAD 10 million for technical assistance, with ADB administering the fund on Canada's behalf across Asia and the Pacific. CANPA represents Canada's flagship vehicle for mobilising private sector capital in climate-positive and nature-based solutions across developing countries in the Asia-Pacific region, with a particular emphasis on small island developing states and gender equity integration.
CANPA targets private-sector projects that would be unlikely to proceed on purely commercial terms, deploying concessional or blended finance to de-risk viable climate and nature investments and catalyse additional institutional capital. Eligible transactions span renewable energy, clean infrastructure, nature-based solutions, sustainable land use, and climate resilience projects. The fund aims to help private sector companies reduce greenhouse gas emissions, transition away from carbon-intensive operations, and build physical climate resilience. A cross-cutting gender equity objective requires CANPA-supported projects to empower women and girls through meaningful participation and economic inclusion in climate transition activities across Asia and the Pacific.
CANPA was formally launched and announced in June 2024, succeeding earlier Canadian climate financing vehicles at ADB, including the Canadian Climate Fund for the Private Sector in Asia II. ADB brings its established network of private sector counterparties, co-investors, and development finance institutions across Asia to originate and structure qualifying transactions. Canada's track record through predecessor ADB-managed vehicles includes projects spanning renewable energy, clean transport, and sustainable agriculture, providing a foundation for CANPA's expanded scope to include nature-based and biodiversity finance alongside traditional clean energy and climate infrastructure investment.