FP025

GCF-EBRD SEFF Co-financing Programme

GCF-EBRD SEFF Co-financing Programme

  • Status Under implementation
  • Date approved 14 Oct 2016 at B.14
  • Est. completion 02 Feb 2033
  • ESS Category Intermediation 2

The EBRD and GCF Green Economy Financing Facility (GEFF), formerly known as the Sustainable Energy Financing Facilities (SEFF) 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.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
2,640
Indirect
70,200
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

18 Jan 2016 - 271 days

Funding proposal received

18 Jan 2016

Cleared by iTAP

08 Oct 2016

Approved

14 Oct 2016 - 477 days

Approved by GCF Board

14 Oct 2016

FAA executed

06 Nov 2017

Under implementation

02 Feb 2018 - 2,354 days so far

FAA effective

02 Feb 2018

Disbursement - USD 28,171,000

07 Aug 2018

Disbursement - USD 10,661,234

07 Aug 2018

Disbursement - USD 50,000,000

07 Aug 2018

Annual Performance Report

01 Mar 2019

Disbursement - USD 50,000,000

25 Nov 2019

Disbursement - USD 9,338,766

12 Dec 2019

Disbursement - USD 50,000,000

05 Oct 2021

Disbursement - USD 33,250,000

17 May 2023

Disbursement - USD 23,000,000

17 May 2023

To be completed

02 Feb 2033 - 3,126 days to go

Three regions

  • Eastern Europe
  • Africa
  • Asia-Pacific

Ten countries

One priority group

  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing67% disbursed

InstrumentAmount
LoanUSD 344,000,000
GrantUSD 34,000,000
Total GCF Financing
USD 378,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 973,000,000
Co-FinancingGrantUSD 34,000,000
Total Co-Financing
USD 1,007,000,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Accredited Entity

European Bank for Reconstruction and Development
Mr. Alexis Franke
Primary

Associate Director, Pillar Head, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
Ms. Elodie Loppé
Secondary

Associate Manager, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
More contacts

National Designated Authority

Armenia
Ministry of Environment
Mr. Hakob SIMIDYAN Primary
Minister
3 Government Bld, Republic Square, Yerevan, Armenia
Phone +37411818501
minenv@env.am
Ms. Ruzanna Grigoryan Secondary
Head of International Cooperation Department
Phone +37411818513
ruzanna.grigoryan@env.am
Egypt
Ministry of Environment
Eng. Sherif El-Rehim Primary
Head of the Central Department for Climate Change, Egyptian Environmental Affairs Agency
Georgia
Ministry of Environmental Protection and Agriculture
Ms. Nino Tandilashvili Primary
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Phone +995-322-237-80-30
nino.tandilashvili@mepa.gov.ge
Ms. Maia Tskhvaradze Secondary
Head, Climate Change Division
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Phone +995-591-27-67-77
maia.tskhvaradze@mepa.gov.ge
Jordan
Ministry of Environment
Mr. Belal Shqarin Primary
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Moldova
Ministry of Environment
Ms. Aliona Rusnac Primary
State Secretary
MD-2004, mun. bd Stefan cel Mare si Sfant, 162, Chisinau, Moldova
Phone (022) 204-564
aliona.rusnac@mediu.gov.md
Mongolia
Ministry of Environment and Tourism
Ms. Choikhand Janchivlamdan Primary
15160 Government building 2, United Nation's street 5/2, Chingeltei district, Ulaanbaatar, Mongolia
Morocco
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Mr. Bouzekri Razi Primary
Director of Climate Change, Biodiversity, and Green Economy
Serbia
Ministry of Agriculture, Forestry and Water Management
Ms. Jelena Tanasković Primary
Minister
Nemanjina 22-26, Belgrade, Serbia
Phone +381-11-3622-101
kabinet.info@minpolj.gov.rs
Mr. Miloš Stojanović Operational focal point
Advisor
Nemanjina 22-26, Belgrade, Serbia
Mrs. Ana Ristić Operational focal point
Independent Advisor
Nemanjina 22-26, Belgrade, Serbia
Phone +381-11-361-0329
ana.ristic@minpolj.gov.rs
Tajikistan
Committee of Environmental Protection Under the Government of the Republic of Tajikistan
Mr. Sheralizoda Bahodur Primary
Chairman of the Committee of Environmental Protection
5/1 Shamsi str.,, Dushanbe city, Tajikistan
Mr. Murodov Turakul Secondary
Head of Project Implementation Group and NDA Secretariat
Tunisia
Ministry of Environment and Sustainable Development
Mr. Chokri Mezghani Primary
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Phone +216 22 74 93 62
Phone +216 70 24 38 00
chokri.mezghani@mineat.gov.tn
chokri.mezghani@yahoo.fr

News + Stories

Jeans that don’t cost the earth

29 Mar 2024 / In partnership with the European Bank of Reconstruction and Development (EBRD) and the European Union, this USD 1.4 billion (USD 378 million in GCF financing) Green Climate Fund project supports Emessa, a denim producer based in Egypt, pioneering energy-efficient ready-made garments in Egypt. This is achieved by installing a new production line, which has reduced the company’s energy consumption by about 28 per cent and cut its CO2 emissions by 46 tonnes a year. The company also managed to decrease its water consumption by 50 per cent.