The National Clean Energy Fund has been created as a funding mechanism ostensibly for research and development in the fi eld of clean energy technologies. So far, the fund has collected Rs 8,200 crore from the clean energy cess, but the processes of disbursement are mired with confusion. This note evaluates the fund's functioning by accessing, through Right to Information applications, the minutes of the fi rst three meetings of the Inter-Ministerial Group, the highly empowered bureaucratic body responsible for determining guidelines, eligibility and appraisal criteria and recommending projects for fi nal approval.