FP156

ASEAN Catalytic Green Finance Facility (ACGF): Green Recovery Program

ASEAN Catalytic Green Finance Facility (ACGF): Green Recovery Program

  • Status Under implementation
  • Date approved 19 Mar 2021 at B.28
  • Est. completion 10 Aug 2041
  • ESS Category Intermediation 1

Southeast Asia is one of the world's most energy-intensive regions, with rapid urbanisation and industrialisation increasing its greenhouse gas emissions. The COVID-19 pandemic has had a massive impact on the region's economic growth, affecting countries' ability to realise their climate ambitions in the face of increased climate and economic vulnerability.

Designed as Asia’s first regional 'green recovery' programme, this initiative aims to kickstart countries' low-emission investments to support economic recovery following COVID-19. By catalysing increased climate finance from both the private and public sectors, the programme will support at least 20 high-impact, low-emission sub-projects in the region.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

15 May 2020 - 309 days

Concept note received

15 May 2020

Funding proposal received

14 Aug 2020

Cleared by GCF Secretariat

17 Dec 2020

Cleared by iTAP

23 Feb 2021

Approved

19 Mar 2021 - 510 days

Approved by GCF Board

19 Mar 2021

Legal opinion on AE's Internal Approval

29 Nov 2021

FAA executed

27 May 2022

Under implementation

10 Aug 2022 - 674 days so far

FAA effective

10 Aug 2022

Disbursement - USD 6,000,000

14 Feb 2023

Disbursement - USD 12,000,000

14 Feb 2023

Disbursement - USD 2,500,000

01 May 2024

Disbursement - USD 50,000,000

01 May 2024

To be completed

10 Aug 2041 - 6,267 days to go

One region

  • Asia-Pacific

Five countries

One priority group

  • Least Developed Countries
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing24% disbursed

InstrumentAmount
GrantUSD 20,000,000
LoanUSD 280,000,000
Total GCF Financing
USD 300,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 3,385,000,000
Total Co-Financing
USD 3,385,000,000

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

Asian Development Bank
Mr. Christian Ellermann
Primary

Senior Climate Change Specialist
More contacts

National Designated Authority

Cambodia
Ministry of Environment
H.E. Dr. Sophalleth Eang Primary
Minister of Environment
Morodok Decho Building, No. 503, Chamkarmon,, Phnom Penh, Cambodia
H.E. Mr. Paris Choup Primary
Secretary of State, Ministry of Environment
Phone (+855)17 313 366
choup.paris@moe.gov.kh
H.E. Dr. Sovuthy Pheav Secondary
Under Secretary of State, Ministry of Environment
Phone ( +855) 16 613 355
pheav.sovuthy@moe.gov.kh
H.E. Mr. Thy Sum Tertiary
Director General, General Directorate of Policy and Strategy, Ministry of Environment
Phone (+855) 16 907 764
sum.thy@moe.gov.kh
Indonesia
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu Primary
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3441 484
ndagcf-indonesia@kemenkeu.go.id
Mr. Boby Hernawan Secondary
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3483 1678
ndagcf-indonesia@kemenkeu.go.id
Lao People's Democratic Republic (the)
Ministry of Natural Resources and Environment
Ms. Phakkavanh Phissamay Primary
Director General, Department of Planning and Finance, Ministry of Natural Resources and Environment (MONRE)
Ministry of Natural Resources and Environment, Nong Beuk Road, Vientiane Capital, Lao People's Democratic Republic (the)
Phone +856-21 263-799
Phone +856-20 57-938-888
phakkavanh.p@laoepf.org.la
phakkavanhp75@gmail.com
Mr. Amphayvanh Oudomdeth Secondary
Deputy Director General, Department of Climate Change, Ministry of Natural Resources and Environment (MONRE)
Ministry of Natural Resources and Environment, Nong Beuk Road, Vientiane Capital, Lao People's Democratic Republic (the)
Phone +856-30 55-142-10
Phone +856-20 55-503-322
amphayvanh.oudomdeth@gmail.com
Mr. Bounpakone Phongphichit Operational focal point
Director of Planning and Cooperation Division
Mr. Anousack Maitrychith Operational focal point
Head of Planning Section
Malaysia
Ministry of Natural Resources and Environmental Sustainability
Datuk Nor Yahati Binti Awang Primary
Deputy Secretary General (Environmental Sustainability)
Phone +603 8091 7244
noryahati@nres.gov.my
Dr. Hartini Mohd Nasir Primary
Undersecretary Climate Change Division
Phone +603 8091 7366
hartini@nres.gov.my
Mr. Ahmad Farid Mohammed Secondary
Deputy Undersecretary (Climate Change Policy) Climate Change Division
Phone +603 8091 7367
farid@nres.gov.my
Ms. Marhaini Mat Secondary
Principal Assistant Secretary (Climate Change Programme) Climate Change Division
Phone +603 8091 7372
marhaini@nres.gov.my
Ms. Norfazira Salleh Secondary
Senior Assistant Secretary (Climate Change Programme) Climate Change Division
Philippines (the)
Department of Finance
Secretary Ralph Recto Primary
Secretary
Mr. Joven Balbosa Primary
Undersecretary, International Finance Group
Phone +63 2 8523-4955
jbalbosa@dof.gov.ph
Ms. Carlyn Diaz Operational focal point