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.
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 - 976 days so far
FAA effective
27 Aug 2021
Disbursement - USD 3,000,000
13 Mar 2022
To be completed
27 Aug 2029 - 1,948 days to go
Three regions
- Eastern Europe
- Asia-Pacific
- Africa
Seven countries
One priority group
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing1% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 75,750,000 |
| Grant | USD 5,530,000 |
| Loan | USD 176,750,000 |
| Total GCF Financing |
|---|
| USD 258,030,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 530,250,000 |
| Co-Financing | Grant | USD 1,360,000 |
| Co-Financing | Loan | USD 227,250,000 |
| Total Co-Financing |
|---|
| USD 758,860,000 |
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
Accredited 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 Environment
Minister
3 Government Bld, Republic Square, Yerevan, Armenia
Head of International Cooperation Department
Ministry of Environment
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Ministry of Ecology and Natural Resources of the Republic of Kazakhstan
Vice-Minister
Mangilik el ave, 8, House of Ministries, 14 entrance, office 433, Astana, Kazakhstan
Director of Climate Policy Department
Chief expert of Adaptation to Climate Change Unit, Climate Policy Department
Head of Adaptation to Climate Change Unit, Climate Policy Department
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Agriculture, Forestry and Water Management
Minister
Nemanjina 22-26, Belgrade, 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
Ministry of Ecology, Environment Protection and Climate Change
Minister
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Advisor to the Minister
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Head of International Cooperation and Grants Department
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Documents
| Title | Type | Date |
|---|---|---|
| Gender action plan for FP140: High Impact Programme for the Corporate Sector | Gender action plan | 07 Oct 2020 |
| Gender assessment for FP140: High Impact Programme for the Corporate Sector | Gender assessment | 07 Oct 2020 |
| High Impact Programme for the Corporate Sector | Approved funding proposal | 17 Sep 2020 |
| Environmental and social safeguards (ESS) report for FP140: High Impact Programme for the Corporate Sector | Environmental and Social Safeguards report | 29 Jul 2020 |
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).