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.
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 • 1,012 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
Disbursement - USD 2,500,000
19 Feb 2025
To be completed
10 Aug 2041 • 5,929 days to go
One region
- Asia-Pacific
Five countries
One priority group
- Least Developed Countries
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing24% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 20,000,000 |
| Loan | USD 280,000,000 |
| Total GCF Financing |
|---|
| USD 300,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 3,385,000,000 |
| Total Co-Financing |
|---|
| USD 3,385,000,000 |
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
Entity
More contacts
National Designated Authority
Ministry of Environment
Minister of Environment
Morodok Decho Building, No. 503, Chamkarmon,, Phnom Penh, Cambodia
Secretary of State, Ministry of Environment
Under Secretary of State, Ministry of Environment
Director General, General Directorate of Policy and Strategy, Ministry of Environment
Fiscal Policy Agency, Ministry of Finance
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
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
Ministry of Natural Resources and Environment
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)
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)
Director of Planning and Cooperation Division
Ministry of Natural Resources and Environmental Sustainability
Deputy Secretary General (Environmental Sustainability)
Undersecretary Climate Change Division
Deputy Undersecretary (Climate Change Policy) Climate Change Division
Principal Assistant Secretary (Climate Change Programme) Climate Change Division
Senior Assistant Secretary (Climate Change Programme) Climate Change Division
Department of Finance
Undersecretary, International Finance Group
Documents
| Title | Type | Date |
|---|---|---|
| Environmental and social safeguards (ESS) report for FP156: ASEAN Catalytic Green Finance Facility (ACGF) - Davao Public Transport Modernization Project | Environmental and Social Safeguards report / Sub-project ESS report | 16 Jun 2022 |
| ASEAN Catalytic Green Finance Facility (ACGF) | Case study | 16 Feb 2022 |
| ASEAN Catalytic Green Finance Facility (ACGF): Green Recovery Program | Approved funding proposal | 06 Apr 2021 |
| Gender action plan for FP156: ASEAN Catalytic Green Finance Facility (ACGF): Green Recovery Program | Gender action plan | 24 Mar 2021 |
| Gender assessment for FP156: ASEAN Catalytic Green Finance Facility (ACGF): Green Recovery Program | Gender assessment | 24 Mar 2021 |
| Environmental and social safeguards (ESS) report for the programme - ASEAN Catalytic Green Finance Facility (ACGF) “Green Recovery Program” for post-COVID infrastructure | Environmental and Social Safeguards report | 23 Feb 2021 |