High Impact Programme for the Corporate Sector

  • Mitigation
  • Under implementation
Date approved
21 Aug 2020
Est. completion
27 Aug 2029
ESS Category
Category B
Financing
Private sector
Entity
European Bank for Reconstruction and Development

Overview

Emissions from industry account for about 30 percent of total global greenhouse gas (GHG) emissions. They arise mainly from the extraction of primary materials and materials processing for manufacturing and construction, including for chemicals and fertilizers, pulp and paper, non-ferrous metals, food processing, and textiles.

This programme is GCF's first at-scale investment to promote the uptake of low-carbon technologies in the industrial sector. It has been designed to facilitate a transformational shift within energy-intensive industries, agribusinesses, and the mining sector in Armenia, Jordan, Kazakhstan, Morocco, Serbia, Tunisia, and Uzbekistan. It seeks to forge a low-carbon pathway by promoting the uptake of high climate impact technologies and stimulating behavioural change at the corporate governance and management level. This includes integrating climate change considerations into strategic, financial, and technological decision making.  

Result areas

Project timeline

  • Pipeline

    1,254 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    372 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    1,754 days so far

    • FAA effective

  • To be completed

    1,169 days to go

    Not started

  • Total project value $ 1.0 billion

  • Tonnes of CO2 equivalent avoided 17.2 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 1.0 billion

Show details

GCF-financing

4% disbursed

  • Loan USD 75,750,000
  • Grant USD 5,530,000
  • Loan USD 176,750,000
  • Total GCF-financing USD 258,030,000

Co-financing

  • Loan USD 530,250,000
  • Grant USD 1,360,000
  • Loan USD 227,250,000
  • Total co-financing USD 758,860,000

News and stories

Documents

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