Participation in Energy Access Relief Facility ("EARF")
Sub-Saharan Africa faces unique and acute challenges in the global fight to mitigate and adapt to climate change. On one front, the impacts of climate change are predicted to be more severe. At the same time, 548 million people in sub-Saharan Africa do not have access to electricity and instead have to rely on kerosene and diesel generators for lighting, while another 900 million (85% of the population) lack access to clean cooking fuels and technologies, causing rapid deforestation. In this context, energy access companies in the region are playing a major role in providing clean energy access to vulnerable people, but they now find their continued existence in peril due to the economic effects of the ongoing COVID-19 pandemic.
As the energy access sector has matured and scaled up over the years, it has shifted the development pathway of Africa towards a renewable future. This has entailed replacing gas generators with powerful solar home systems, fuelwood stoves with electric pressure cookers, and diesel water pumps with solar-powered irrigation.
The Energy Access Relief Facility (“EARF”) is a concessional debt fund that is intended to provide energy access companies with vital liquidity during this crisis, in the form of low-interest, unsecured junior loans. GCF will channel its investment into Climate CV, which, in turn, will participate in EARF loans to eligible companies operating in NOL countries. The aim of these loans is to help companies remain solvent, maintain staff and supply lines, be positioned to drive the post-COVID-19 recovery, and reduce 1.3 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions.
- Private sector
- Public sector
|Total GCF Financing|
General media inquiriesGCF Communications
Phone +82 32 4458 6338 (KST)
Request for informationGCF Information Disclosure
Request information about this project
Project complaints and grievancesGCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6485 (KST)
File a complaint
Integrity issuesGCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
National Designated Authority
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Federal Ministry of Environment
The National Treasury
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Senior Policy Advisor, Climate Finance
Ministry of Economy and Finance – National Directorate for Monitoring and Evaluation
Participation in Energy Access Relief Facility ("EARF") Acumen FP148
||Approved funding proposal||09 Dec 2020|
Gender action plan for FP148: Participation in Energy Access Relief Facility ("EARF") Acumen FP148
||Gender action plan||19 Nov 2020|
Gender assessment for FP148: Participation in Energy Access Relief Facility ("EARF") Acumen FP148
||Gender assessment||19 Nov 2020|
News + Stories
GCF boosts COVID-19 low-carbon energy relief with anchor investment
01 Sep 2021 / Green Climate Fund (GCF) backing has been crucial in an emergency relief fund launched today that shields clean energy companies in developing countries from COVID-19 economic shocks to keep low-carbon trajectories on track. The USD 80 million Energy Access Relief Fund (EARF) has drawn together a unique coalition of financial support for 90 companies in Africa and Asia that have been filling energy access gaps with low-carbon solutions but now face bankruptcy form the COIVD-19 fallout. EARF will keep these companies financially solvent by providing them with short-term loans.