FP156

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

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

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 - 55 days so far

FAA effective

10 Aug 2022

Completed

One region

  • Asia-Pacific

Five countries

One priority group

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

GCF financing

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
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 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (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
His Excellency Mr. Say Samal Primary
Minister
Morodok Techo Building (Lot 503), Tonle Bassac, Chamkarmon, Phnom Penh, Cambodia
H.E. Eang Sophalleth Secondary
Secretary of State
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
Mrs. Dian Lestari Secondary
Acting Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
Center for Climate Finance and Multilateral Policy, Fiscal Policy Agency, Ministry of Finance, 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
Ministry of Natural Resources and Environment
Mr. Virana Sonnasinh Primary
Director General, Department of Planning and Finance, MONRE
P.O. Box: 7864, Nong Beuk Road, Vientiane, Lao People's Democratic Republic (the)
Phone +856-21 263-799
Phone +856-20-55-407-582
virana.sonnasinh@gmail.com
Mr. Sounadeth Soukchaleun Secondary
Deputy Director General, Department of Planning and Finance, MONRE
P.O. Box: 7864, Nong Beuk Road, Vientiane, Lao People's Democratic Republic (the)
Phone +856-21 263-799
Phone +856-20-55-444-251
sounadeth@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 Environment and Water
Ms. Noor Afifah Binti Abdul Razak Primary
Deputy Secretary General (Environment)
Aras 10, Blok F11, Kompleks F, Lebuh Perdana Timur, Presint 1,, Putrajaya, Malaysia
Phone +603 8091 7040
noorafifah@kasa.gov.my
Dr. Sugumari Shanmugam Primary
Undersecretary Climate Change Division
Aras 10, Blok F11, Kompleks F, Lebuh Perdana Timur, Presint 1,, Putrajaya, Malaysia
Phone +603 8091 7366
sugumari@kasa.gov.my
Mr. Ahmad Farid Mohammed Secondary
Deputy Undersecretary (Climate Change Policy), Climate Change Division
Aras 10, Blok F11, Kompleks F, Lebuh Perdana Timur, Presint 1,, Putrajaya, Malaysia
Phone +603 8091 7367
farid@kasa.gov.my
Ms. Marhaini Mat Secondary
Principal Assistant Secretary (Climate Change Programme), Climate Change Division
Aras 10, Blok F11, Kompleks F, Lebuh Perdana Timur, Presint 1,, Putrajaya, Malaysia
Phone +603 8091 7372
marhaini@kasa.gov.my
Ms. Sheela Inthiram Secondary
Senior Assistant Secretary (Climate Change Programme), Climate Change Division
Aras 10, Blok F11, Kompleks F, Lebuh Perdana Timur, Presint 1,, Putrajaya, Malaysia
Philippines
Department of Finance
Secretary Benjamin E. Diokno Primary
Department of Finance Building. Roxas Boulevard, Cor. P. Ocampo Street, Manila, Philippines (the)
Mr. Mark Dennis Y.C. Joven Primary
Undersecretary
Phone +63 2 8523-4955
mdjoven@dof.gov.ph
Mr. Neil Adrian Cabiles Secondary
Assistant Secretary