FP177

Cooling Facility

Cooling Facility

As global temperatures increase and the demand for cooling rises, so do the emission levels of greenhouse and fluorinated gases, which have a very high global warming potential.  Reports cite that at 1.5°C of warming – a threshold that could be reached by 2030 - 2.3 billion people could be vulnerable to illness and death from heatwave events (Intergovernmental Panel on Climate Change, 2019) and productivity loss could be the equivalent of 80 million full-time jobs (International Labor Organization, 2019). Therefore low-carbon and sustainable cooling solutions are essential.

The Cooling Facility will be one of the world’s first cooling-focused facilities with the aim to provide cooling solutions in nine countries.  It will focus on regulation and policy, technical assistance and financing to address and help remove barriers to the development of sustainable cooling investments.  Planned measures include financing for investments in innovative, climate-friendly cooling technologies and systems, and creating an enabling environment by strengthening institutional, policy and regulatory frameworks and building capacity of key stakeholders in technologies, business models and cooling project appraisal and implementation.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
4,220,000
Indirect
16,850,000
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

17 Sep 2020 - 386 days

Funding proposal received

17 Sep 2020

Cleared by GCF Secretariat

16 Jul 2021

Cleared by iTAP

14 Sep 2021

Approved

07 Oct 2021 - 62 days so far

Approved by GCF Board

07 Oct 2021

Under implementation

Completed

Four regions

  • Africa
  • Asia-Pacific
  • Eastern Europe
  • Latin America and the Caribbean

Nine countries

Three priority groups

  • African States
  • Least Developed Countries
  • Small Island Developing States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
GrantUSD 32,000,000
LoanUSD 29,000,000
LoanUSD 96,000,000
Total GCF Financing
USD 157,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 130,000,000
Co-FinancingLoanUSD 27,400,000
Co-FinancingLoanUSD 20,000,000
Co-FinancingLoanUSD 86,000,000
Co-FinancingLoanUSD 150,000,000
Co-FinancingGuaranteeUSD 50,000,000
Co-FinancingGrantUSD 80,500,000
Co-FinancingGrantUSD 25,000,000
Co-FinancingGrantUSD 3,000,000
Co-FinancingGrantUSD 940,000
Co-FinancingLoanUSD 150,000,000
Total Co-Financing
USD 722,840,000

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

More contacts

National Designated Authority

Bangladesh
Economic Relations Division (ERD), Ministry of Finance
Ms. Fatima Yasmin
Secretary
Economic Relations Division (ERD), Ministry of Finance, Block No:8, Room no:3&4, Shere-e-Bangla Nagar, Dhaka, Bangladesh
Phone +88 02 9113743
Phone +88 02 9133489
secretary@erd.gov.bd
fatima.yasmin@gmail.com
El Salvador
Ministry of Environment and Natural Resources (MARN)
His Excellency Mr. Fernando Andrés López Larreynaga
Minister of Environment and Natural Resources
Kilometro 5 1/2 Carretera a Santa Tecla, colonia y calle Las Mercedes, Edificios MARN, San Salvador, El Salvador
Mrs. Diana Celeste Meléndez Huezo
Advisor to the Technical Cabinet
Kilometro 5 1/2 Carretera a Santa Tecla, colonia y calle Las Mercedes, Edificios MARN, San Salvador, El Salvador
Phone +(503) 2132-9343
Phone +(503) 7600-7576
celeste.melendez@marn.gob.sv
acanas@marn.gob.sv
Kenya
The National Treasury
Mr. Julius Muia
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
ps@treasury.go.ke
Mr. Peter Odhengo
Senior Policy Advisor, Climate Finance
Phone +254 722 984992
odhengo@gmail.com
Mr. Hillary Korir
Economist
Malawi
Environmental Affairs Department
Mrs. Tawonga Mbale-Luka
Director
Environmental Affairs Department Private Bag 394 Lilongwe 3, Malawi, Lilongwe, Malawi
Phone +265 1 771 111
Phone +265 1 773 379
tawongam@yahoo.com
Evans Davie Njewa
Environmental Affairs Department Lilongwe 3, Malawi., Lilongwe, Malawi
Phone +265 1 771 111
Phone 265 1 770 359
Phone +265 8888 53245
Phone +265 9948 53245
njewae@yahoo.com
North Macedonia
Cabinet of the Deputy President of the Government in Charge for Economic Affairs and Coordination of Economic Sectors
His Excellency Mr. Fatmir Bytyqi
Deputy Prime Minister in Charge of Economic Affairs, Coordination of Economic Sectors and Investments
Bul Ilinden nr.2, 1000 Skopje, North Macedonia
Phone +389 2 3114 258
Phone +389 2 3118 022
fatmir.bytyqi@gs.gov.mk
Mr. Daniel Josifovski, MSc
Advisor, Cabinet of the Deputy Prime Minister in Charge of Economic Affairs, Coordination of Economic Sectors and Investments
Ms. Teodora Grncharova Obradovikj, PhD
State Counselor on Climate Change, Ministry of environment and physical planning
Panama
Ministry of Environment
His Excellency Milciades Concepción
Minister of Environment
Building 804, Albrook, Panama
Mr. Gustavo Padilla C.
Head of the International Coordination Office
Building 804, Albrook,, Panama
Phone (+ 507) 500-0803
gpadilla@miambiente.gob.pa
Sao Tome and Principe
Ministry of Planning, Finance and Blue Economy
Mr. Fausto Policarpo Abreu das Neves
Somalia
Office of the Prime Minister
His Excellency Mahdi Mohammed Gulaid
Deputy Prime Minister
Villa Somalia, Mogadishu
Sri Lanka
Ministry of Environment
Dr. Anil Jasinghe
Secretary
No. 416/C/1, "Sobadam Piyasa" Robert Gunawardana Mawatha, Battaramulla, Sri Lanka
Phone +94-11-2034121
Phone +94-11-2034122
sec@env.gov.lk
K.N. Kumudini Vidyalankara
Director, Climate Change Secretariat
"Sobadam Piyasa," No. 416/C/1, Robert Gunawardana Mawatha, Battaramulla, Sri Lanka
Phone +94 11 2034192
Phone +94 716905865
kumudiniimex@gmail.com

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