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projectFP065

Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC)

17370000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Buildings, cities, industries and appliances

Location & People

Region
  • Latin America & Caribbean
Country
  • Brazil BR

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
  • Instrument Grant USD
Co-Financing
  • Private lenders Loan USD
  • CAIXA Econômica Federal (CEF) Loan USD
  • Concessionaires Equity USD
  • World Bank IPF Contingent Loan Guarantee USD
  • World Bank Grant USD

Project owners

Accredited Entity Executing Entity
  • CAIXA Econômica Federal (CEF)
Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC) Approved February 2018 Est. implementation period 7.0 years
Providing a mix of public and private sector finance to provide funds for reducing energy intensity across Brazil.

Brazil has a high potential to achieve energy efficiency at scale given the country's high-energy intensity. Challenges exist, however, in mobilizing government and private investments. These challenges include government constraints caused by fiscal imbalances, and a steep decrease in private sector investment due to a slow recovery from several years of recession.

This project focuses on promoting energy efficiency to help Brazil meet its NDC goal by reducing energy demand. It will create a debt facility that catalyses private sector investments and channels loans to help cities adopt a standardized and replicable public-private partnership for street lighting. This will help provide off-balance sheet financing for energy efficiency to the industrial sector.

The project has an estimated lifespan of 15 years.
Document title Published date
Funding proposal 27 Mar 2018
ESS report 22 Feb 2018
Accredited Entity
  • International Bank for Reconstruction and Development and International Development Association (World Bank) Ms. Claudia Croce Tel: +1 202 458 1697
Country Partner
  • Secretariat for International Affairs, Ministry of Finance Brazil Mr. Marcello de Moura Estavão Filho
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