FP065

Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC)

Financial Instruments for Brazil Energy Efficient Cities (FinBRAZEEC)

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.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

16 Oct 2017 - 137 days

Funding proposal received

16 Oct 2017

Cleared by GCF Secretariat

30 Nov 2017

Cleared by iTAP

06 Feb 2018

Approved

01 Mar 2018 - 718 days

Approved by GCF Board

01 Mar 2018

Legal opinion on AE's Internal Approval

20 Aug 2019

Lapsed

16 Feb 2020

One region

  • Latin America and the Caribbean

One country

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

GCF financing

InstrumentAmount
LoanUSD 186,000,000
GrantUSD 5,000,000
GrantUSD 4,000,000
Total GCF Financing
USD 195,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 400,000,000
Co-FinancingLoanUSD 180,000,000
Co-FinancingEquityUSD 330,000,000
Co-FinancingGuaranteeUSD 200,000,000
Co-FinancingGrantUSD 1,000,000
Total Co-Financing
USD 1,111,000,000

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

International Bank for Reconstruction and Development and International Development Association
Mr. Zhihong Zhang
Primary

Senior Carbon Finance Specialist
The World Bank 1818 H Street, NW MSN MC3-309 Washington DC 20433 USA, Washington, United States
More contacts

National Designated Authority

Brazil
Secretariat for International Affairs, Ministry of Finance
Ms. Tatiana Rosito Primary
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Mr. Ivan Tiago Machado Oliveira Secondary
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +556131422202
ivan.oliveira@fazenda.gov.br
Ms. Livia Farias Ferreira de Oliveira Operational focal point
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +55 (61) 33412-1702
livia.oliveira@fazenda.gov.br