About This Fund
The Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA) is a CAD 360 million (approximately USD 255 million) blended finance trust fund established in March 2024 through a partnership between the Asian Development Bank (ADB) and the Government of Canada, via Global Affairs Canada. CANPA is ADB's largest single-donor climate trust fund for the private sector and represents Canada's third major climate finance collaboration with ADB, building on its predecessor vehicles CFPS (Canadian Climate Fund for the Private Sector in Asia) and CFPS II.
CANPA is designed to stimulate private sector investment in climate action and nature-based solutions (NbS) across Asia and the Pacific, with a focus on developing countries and small island developing states. The fund provides concessional financing and de-risking mechanisms to catalyze commercially viable projects that would not otherwise attract purely commercial capital. Priority investment areas include sustainable agriculture and aquaculture, ecosystem protection and restoration, clean energy transition, greenhouse gas emissions reduction, and climate resilience infrastructure. The fund also incorporates a gender lens, prioritizing projects that advance women's economic empowerment and meaningful engagement of women and girls in the green transition.
ADB administers CANPA on behalf of Canada, deploying CAD 350 million in concessional project financing alongside CAD 10 million in technical assistance. ADB brings its established track record across 68 member countries and deep experience in structuring blended finance solutions to crowd in private capital at scale. CANPA signals a significant scaling of Canada's bilateral climate finance architecture in Asia, addressing systemic climate risks while generating development impact through private sector engagement in sectors critical to the Asia Pacific's long-term climate transition.