Programme for Energy Efficiency in Buildings (PEEB) Cool

  • Cross-cutting
  • Under implementation
Date approved
20 Oct 2022
Est. completion
06 Nov 2033
ESS Category
Category B
Financing
Public sector
Entity
Agence Française de Developpement

Overview

The Programme for Energy Efficiency in Buildings (PEEB) Cool includes 11 countries across four continents spanning seven different climates: the Mediterranean, humid subtropical, tropical, equatorial, arid, mountain, and continental. These countries suffer from climate change with temperatures reaching levels that increase heat-related health risks.  Climate change will lead to an increase in these risks including more regular and extreme heatwaves, and an increase in mean temperatures. 

The PEEB Cool project will transform the construction sector by advancing more energy-efficient building design, construction, and operation. It will prioritise sub-sectors with significant potential for climate change adaptation and greenhouse gas reduction such as large-scale new housing schemes and commercial buildings involving both the public and private sectors. Moreover, it will generate strong economic and social benefits such as the creation of green jobs. Throughout its activities, PEEB Cool will include efficient cooling solutions, sustainable construction materials, and the involvement of construction ecosystem stakeholders. 

Result areas

Project timeline

  • Pipeline

    682 days

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    383 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    953 days so far

    • FAA effective

  • To be completed

    2,701 days to go

    Not started

  • Total project value $ 1.5 billion

  • Tonnes of CO2 equivalent avoided 1.6 million

  • Total number of beneficiaries 1.2 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 1.5 billion

Show details

GCF-financing

17% disbursed

  • Loan USD 152,510,012.11
  • Grant USD 51,224,736.89
  • Loan USD 45,000,000
  • Total GCF-financing USD 248,734,749

Co-financing

  • Loan USD 966,284,809.54
  • Grant USD 5,820,992.83
  • Grant USD 2,910,496.41
  • Loan USD 281,000,000
  • Total co-financing USD 1,256,016,298.78

Documents

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