FP025

The EBRD and GCF Green Economy Financing Facility (GEFF), formerly known as the Sustainable Energy Financing Facilities Co-financing programme, aims to deliver climate finance to the private sector at scale through Partner Financial Institutions (PFIs) across 10 countries.

Scaling up private sector climate finance is an urgent priority to rapidly put the world on a mitigation path leading to a 1.5°C outcome and enable vulnerable countries to move to a climate-resilient pathway.

This programme will deliver climate finance at scale via PFIs in developing countries, which will fund over 20,000 scalable and replicable projects across industrial, commercial, residential, transport, and agricultural sectors.

GEFF is an on-lending programme that will provide credit lines to PFIs to create self-sustaining markets in the areas of energy efficiency, renewable energy, and climate resilience.

The PFIs in the Programme will on-lend the funds to the borrowers such as MSMEs, special purpose companies, and households for energy efficiency, renewable energy, and climate resilience projects. Financing activities will be complemented by providing technical assistance to the local PFIs and the borrowers. This component will include capacity building of local PFIs and micro-, small- and medium-sized enterprises, project assessment and monitoring, and gender mainstreaming activities.

The project has an estimated lifespan of 15 years.