FP140

High Impact Programme for the Corporate Sector

High Impact Programme for the Corporate Sector

  • Status Under implementation
  • Date approved 21 Aug 2020 at B.26
  • Est. completion 27 Aug 2029
  • ESS Category Category B

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 - 372 days

Approved by GCF Board

21 Aug 2020

Legal opinion on AE's Internal Approval

07 Dec 2020

FAA executed

02 Jun 2021

Under implementation

27 Aug 2021 - 1,006 days so far

FAA effective

27 Aug 2021

Disbursement - USD 3,000,000

13 Mar 2022

To be completed

27 Aug 2029 - 1,918 days to go

Three regions

  • Eastern Europe
  • Asia-Pacific
  • Africa

Seven countries

One priority group

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

GCF financing1% disbursed

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

Co-financing

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

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
Jordan
Ministry of Environment
Mr. Belal Shqarin Primary
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Kazakhstan
Ministry of Ecology and Natural Resources of the Republic of Kazakhstan
Mr. Mansur Oshurbayev Primary
Vice-Minister
Mangilik el ave, 8, House of Ministries, 14 entrance, office 433, Astana, Kazakhstan
Phone +7(7172) 740257
m.oshurbaev@ecogeo.gov.kz
Mrs. Saule Sabieva Secondary
Director of Climate Policy Department
Phone +7 7172 74 02 58
Phone +7 7172 74 02 28
s.sabieva@ecogeo.gov.kz
Mrs. Aizhan Mamedaliyeva Operational focal point
Chief expert of Adaptation to Climate Change Unit, Climate Policy Department
Phone +7(7172) 740812
a.mamedaliyeva@ecogeo.gov.kz
Mrs. Shattyk Tastemirova Operational focal point
Head of Adaptation to Climate Change Unit, Climate Policy Department
Phone +7(7172) 740293
sh.tastemirova@ecogeo.gov.kz
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
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
Uzbekistan
Ministry of Ecology, Environment Protection and Climate Change
Mr. Aziz Abdukhakimov Primary
Minister
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Phone +998-71-207-07-70
abdukhakimov@eco.gov.uz
info@uznature.uz
Ms. Suna Park Secondary
Advisor to the Minister
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Phone +998-71-207-07-70
s.park@eco.gov.uz
Mr. Jakhongir Talipov Operational focal point
Head of International Cooperation and Grants Department
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Phone +998-71-207-07-70
jakhongirtalipov@gmail.com

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).