FP140

High Impact Programme for the Corporate Sector

High Impact Programme for the Corporate Sector

Emissions from industry account for about 30 percent of total global greenhouse gas (GHG) emissions. They arise mainly from the extraction of primary materials and materials processing for manufacturing and construction, including for chemicals and fertilizers, pulp and paper, non-ferrous metals, food processing, and textiles.

This programme is GCF's first at-scale investment to promote the uptake of low-carbon technologies in the industrial sector. It has been designed to facilitate a transformational shift within energy-intensive industries, agribusinesses, and the mining sector in Armenia, Jordan, Kazakhstan, Morocco, Serbia, Tunisia, and Uzbekistan. It seeks to forge a low-carbon pathway by promoting the uptake of high climate impact technologies and stimulating behavioural change at the corporate governance and management level. This includes integrating climate change considerations into strategic, financial, and technological decision making.  

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

17 Mar 2017 - 1254 days

Concept note received

17 Mar 2017

Funding proposal received

23 Jan 2020

Cleared by GCF Secretariat

30 Mar 2020

Cleared by iTAP

28 Jul 2020

Approved

21 Aug 2020 - 341 days so far

Approved by GCF Board

21 Aug 2020

FAA executed

02 Jun 2021

Under implementation

Completed

01 Sep 2024

Three regions

  • Asia-Pacific
  • Africa
  • Eastern Europe

Seven countries

One priority group

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

GCF financing

InstrumentAmount
LoanUSD 75,750,000
GrantUSD 5,530,000
LoanUSD 176,750,000
Total GCF Financing
USD 258,030,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 227,250,000
Co-FinancingLoanUSD 530,250,000
Co-FinancingGrantUSD 1,360,000
Total Co-Financing
USD 758,860,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
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 6485 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

European Bank for Reconstruction and Development
Mr. Alexis Franke
Principal Manager | Deputy Pillar Head Donor Co-Financing
Mr. Jan-Willem Van de Ven
Associate Director, Energy Efficiency and Climate Change
One Exchange Square, London, United Kingdom
Phone +44 20 7338 7821
vandevej@ebrd.com
More contacts

National Designated Authority

Kazakhstan
Ministry of Ecology, Geology and Natural Resources of the Republic of Kazakhstan
Akhmetzhan Primkulov
Vice-Minister of Ecology, Geology and Natural Resources
8, House of Ministries, Nur-Sultan, Kazakhstan
Phone +7 7172 740069
a.primkulov@ecogeo.gov.kz
Olzhas Agabekov
Director of Climate Policy and Green Technologies Department
Phone +7 7172 740228
o.agabekov@ecogeo.gov.kz
Ainur Kopbayeva
Head of Adaptation to Climate Change Unit, Climate Policy and Green Technologies Department
Phone +7 7172 740293
a.kopbaeva@ecogeo.gov.kz
Uzbekistan
Ministry of Investments and Foreign Trade of the Republic of Uzbekistan
Mr Badriddin Abidov
Deputy Minister
1 Islam Karimov Str., Tashkent city, Uzbekistan
Phone +998 71 238 50 81
gcfnda@mift.uz
Jordan
Ministry of Environment
Mr. Belal Moh'd Suliman Shqarin
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Morocco
Ministry of Energy, Mining and Sustainable Development, Secretariat of State for Sustainable Development
Mr. Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy
Tunisia
Ministry of Environment and Sustainable Development
Mr. Chokri Mezghani
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
Serbia
Ministry of Agriculture, Forestry and Water Management
Mr. Branislav Nedimović
Minister
Nemanjina 22-26, Belgrade, Serbia
Armenia
Ministry of Environment
Mr. Romanos Petrosyan
Minister
3 Government Bld, Republic Square, Yerevan, Armenia
Phone +37411818501
minenv@env.am
Ms. Ruzanna Grigoryan
Head of International Cooperation Department
Phone +37411818513
ruzanna.grigoryan@env.am

Documents

News + Stories

GCF-EBRD agreement launches USD 1 billion initiative to curb industry emissions

02 Jun 2021 / The Green Climate Fund (GCF) is taking a major step to reduce industrial emissions in developing countries following the signing on Wednesday of a USD 1 billion partnership agreement with the European Bank for Reconstruction and Development (EBRD).