FP086
Green Cities Facility
Green Cities Facility
Enabling the transition of cities to low-carbon, climate-resilient urban development.
Urban areas account for approximately 70 percent of the global energy consumption and about 75 percent of emissions due to the density of infrastructure and their often path-dependent development patterns. While this makes cities vulnerable to the impacts of climate change, cities can also play an important role in taking on climate change mitigation and adaptation actions.
Green Cities minimise environmental impact and maximise opportunities to improve and support the natural environment. Green Cities are energy efficient and reduce reliance on non-renewable energy sources, actively encourage waste reduction and management, include green and resilient infrastructure, low carbon transport, water cycle management and deliver improved quality of life outcomes for residents.
There is not a uniform definition ‘Green City’. However, there are several central themes that help to shape and define what a Green City is. Such themes include energy efficiency (including built form) and reducing reliance non-renewable energy sources, sustainable and low carbon transportation systems, green, resilient infrastructure, waste reduction and management, increased green areas, water cycle management and integrated planning. How a city develops as green varies across geography, sector and pace at which it occurs. Decisions taken by city leaders on where, what and how investment will be directed to support green development needs to be considered adopting a system-based approach. A system-based approach recognises the interconnectedness of sectors and the importance of sequencing. It also recognises that cities will evolve to different levels of ‘green’ at different rates and that this development is not uniform.
Hence, transitioning to a path of low-carbon development can be challenging as municipalities face financial constraints for funding sustainable urban infrastructure. Under this project, 10 cities which have higher than average energy and carbon density, and are facing a range of environmental and social issues, will have access to a Green Cities Facility. The Facility will help address the cities’ climate change challenges while building the market case for private sector investments in sustainable infrastructure. It will provide concessional financial instruments that will allow ambitious investments in climate-resilient urban infrastructure such as district heating/cooling, low-carbon buildings, and solid waste management.
The project has an estimated lifespan of 23 years.
Project timeline
Pipeline
04 Mar 2016 - 961 days
Concept note received
04 Mar 2016
Funding proposal received
26 Feb 2018
Cleared by GCF Secretariat
27 Apr 2018
Cleared by iTAP
08 Jun 2018
Approved
20 Oct 2018 - 334 days
Approved by GCF Board
20 Oct 2018
Legal opinion on AE's Internal Approval
31 Jan 2019
FAA executed
02 Jul 2019
Under implementation
18 Sep 2019 - 1,876 days so far
FAA effective
18 Sep 2019
Disbursement - USD 6,017,505
29 Nov 2019
Disbursement - USD 10,940,919
04 May 2020
Disbursement - USD 4,157,549
07 Jun 2023
Disbursement - USD 15,317,287
07 Jun 2023
To be completed
18 Sep 2034 - 3,605 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing38% disbursed
Instrument | Amount |
---|---|
Loan | USD 71,115,973 |
Grant | USD 24,070,021 |
Total GCF Financing |
---|
USD 95,185,995 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 145,514,223 |
Co-Financing | Grant | USD 14,879,649 |
Co-Financing | Grant | USD 27,352,297 |
Total Co-Financing |
---|
USD 187,746,170 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest 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
Entity
European Bank for Reconstruction and Development
Associate Director, Pillar Head, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
Associate Manager, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
More contacts
National Designated Authority
Ministry of Tourism and Environment
Director of Procurement and Partnerities
Boulevard "Deshmoret e Kombit", No.1,1001 Tirana, Albania
Ministry of Environment
Minister
3 Government Bld, Republic Square, Yerevan, Armenia
Head of International Cooperation Department
Ministry of Environmental Protection and Agriculture
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Head, Climate Change Division
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Ministry of Environment
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Office of the President of the Government of Republic of North Macedonia
Special Advisor to the President of the Government of Republic of North Macedonia
Bul Ilinden nr.2, Skopje, North Macedonia
Head of Department for Regional and Sustainable Development
Bul Ilinden 2, Skopje, North Macedonia
Ministry of Environment
State Secretary
MD-2004, mun. bd Stefan cel Mare si Sfant, 162, Chisinau, Moldova
Ministry of Environment and Tourism
15160 Government building 2, United Nation's street 5/2, Chingeltei district, Ulaanbaatar, Mongolia
Ministry of Agriculture, Forestry and Water Management
Minister
Nemanjina 22-26, Beograd, Serbia
Advisor
Nemanjina 22-26, Belgrade, Serbia
Independent Advisor
Nemanjina 22-26, Belgrade, Serbia
Ministry of Environment and Sustainable Development
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Documents
Title | Type | Date |
---|---|---|
Gender assessment for FP086: Green Cities Facility | Gender assessment | 10 Jan 2019 |
Gender action plan for FP086: Green Cities Facility | Gender action plan | 10 Jan 2019 |
Green cities facility | Approved funding proposal | 28 Nov 2018 |
Environmental and social safeguards (ESS) report for FP086: Green Cities Facility | Environmental and Social Safeguards report | 27 Sep 2018 |
News + Stories
EBRD-GCF Green Cities Facility Takes a Major Step Forward
30 Apr 2020 / A joint investment by the Green Climate Fund (GCF) and the European Bank for Reconstruction and Development (EBRD) will modernise the metro in Georgia's capital, kicking off an initiative to support low-carbon, climate-resilient urban development. The project is the first to be jointly co-financed by GCF and EBRD as part of the Green Cities Facility, which prioritises sustainable, green investment.
GCF invests USD 99 million in EBRD Green Cities Facility to reduce urban climate impacts
03 Jul 2019 / The Green Climate Fund (GCF) took a major step forward today to help make redesigned cities drivers of climate action with the signing of an agreement with funding partner EBRD. Cities have a vital role in achieving the Paris Agreement to keep temperature rises below 2C with a goal to limit warming below 1.5C as they account for 70 percent of global energy use and 75 percent of greenhouse gas emissions.