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 - 217 days so far

Approved by GCF Board

19 Mar 2021

Under implementation

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

Cofinancing

CofinancerInstrumentAmount
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 6485 (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
Climate Change Specialist
More contacts

National Designated Authority

Cambodia
Ministry of Environment
His Excellency Mr. Say Samal
Minister
Morodok Techo Building (Lot 503), Tonle Bassac, Chamkarmon, Phnom Penh, Cambodia
H.E. Eang Sophalleth
Secretary of State
Indonesia
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu
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
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. Phouvong Luangxaysana
Director General, Department of Planning and Finance
P.O. Box 7864, Nong Beuk Road, Vientiane, Lao People's Democratic Republic (the)
Phone +856 21 263 799
phouyongl@hotmail.com
Mr. Virana Sonnasinh
Deputy Director General, Department of Planning and Finance
P.O. Box 7864, Nong Beuk Road, Vientiane, Lao People's Democratic Republic (the)
Phone +856 21 263 799
virana.sonnasinh@gmail.com
Malaysia
Ministry of Environment and Water
Dato' Jana Santhiran Muniayan
Deputy Secretary General
Phone +603 8091 7040
jana@kasa.gov.my
Dr. Sugumari Shanmugam
Undersecretary Climate Change Division
Phone +603 8885 8690
sugumari@kasa.gov.my
Mr. Ahmad Farid Mohammed
Deputy Undersecretary (Climate Change Policy), Climate Change Division
Phone +603 8880 8615
farid@kasa.gov.my
Ms. Marhaini Mat
Principal Assistant Secretary (Climate Change Programme), Climate Change Division
Phone +603 8880 8509
marhaini@kasa.gov.my
Ms. Sheela Inthiram
Senior Assistant Secretary (Climate Change Programme), Climate Change Division
Philippines
Department of Finance
Secretary Carlos G. Dominguez
Secretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)
Mr. Mark Dennis Y.C. Joven
Undersecretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)
Phone +63 2 8523-4955
mdjoven@dof.gov.ph