E-Buses Drive Lower Emissions
Eco-friendly e-buses and the first national e-vehicle charging network are helping Viet Nam reduce greenhouse gas emissions, fight climate change, and move people.
- Year established 2022
- Partners Bloomberg Family Foundation Inc., Goldman Sachs Charitable Gift Fund
- Cumulative Contributions Committed $25 million
- Project Commitments
This figure accounts for savings from closed projects. Project commitments may exceed contributions as investment income and gains from foreign exchange transactions are used for new projects.
Grants
$19.5 million for 8 projects
The Climate Innovation and Development Fund (CIDF) is a concessional financing fund established with contributions from the Bloomberg Family Foundation Inc. and the Goldman Sachs Charitable Gift Fund. The CIDF aims to support sustainable low-carbon economic development in developing countries in South Asia (India) and Southeast Asia (Viet Nam) by increasing the pace, scale, and ambition of climate solutions and contributing to the clean energy transition. By offering concessional finance to de-risk projects, the fund aims to leverage up to $500 million in additional financing for private sector innovation in areas such as conventional and nonconventional renewable power generation, sustainable transport, climate-smart urban solutions, grid optimization technology, agriculture and land use, and green manufacturing and construction.
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Projects
