FP195

E-Motion: E-Mobility and Low Carbon Transportation

E-Motion: E-Mobility and Low Carbon Transportation

  • Status Under implementation
  • Date approved 20 Oct 2022 at B.34
  • Est. completion 14 Jun 2028
  • ESS Category Category B

In Panama, Paraguay, and Uruguay, the transport sector accounts for a significant percentage of the countries’ total greenhouse gas (GHG) emissions. GHG emissions from the transport sector are anticipated to rise from present levels to nearly 50 per cent by 2050 unless major action is taken to change the transport emissions trajectory. This involves the development of integrated electromobility ecosystems across various transport modes, which take advantage of Latin America’s low-carbon electricity generation (primarily hydroelectric production and wind and solar power plants) and strong enabling environment for e-mobility. 

The Programme aims to strengthen the e-mobility conducive ecosystem at the local, national, and regional levels. It incorporates public and private sector vehicle fleet financing as well as technical assistance activities such as targeted policy advice, business model development, stakeholder management, and capacity building – all of which are gender mainstreamed. The project invests in large scale e-bus fleets, deployment of light electric commercial vehicles, and fast charging infrastructure. By doing so, it will accelerate the deployment of e-mobility solutions, reduce GHG emissions, and connect cities and communities in Panama, Paraguay, and Uruguay through clean, safe, and reliable transportation options.  

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

17 Apr 2021 - 552 days

Funding proposal received

17 Apr 2021

Cleared by GCF Secretariat

05 Aug 2022

Cleared by iTAP

28 Sep 2022

Approved

20 Oct 2022 - 238 days

Approved by GCF Board

20 Oct 2022

Legal opinion on AE's Internal Approval

14 Mar 2023

FAA executed

17 Mar 2023

Under implementation

14 Jun 2023 - 379 days so far

FAA effective

14 Jun 2023

To be completed

14 Jun 2028 - 1,450 days to go

One region

  • Latin America and the Caribbean

Three countries

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
GrantUSD 9,821,100
LoanUSD 66,795,450
Total GCF Financing
USD 76,616,550

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 121,991,550
Co-FinancingEquityUSD 30,443,000
Co-FinancingIn-kindUSD 1,765,700
Co-FinancingIn-kindUSD 216,000
Total Co-Financing
USD 154,416,250

GCF Contacts

General media inquiries

GCF Communications
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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

Corporación Andina de Fomento
Mr. Ignacio Lorenzo
Primary

Climate Action and Positive Biodiversity, Director
Ciudadela 1235, Montevideo, Uruguay
Phone +598 (2) 917- 3111
ilorenzo@caf.com
Ms. Maria Moreno Cordoba
Secondary

Climate Action and Positive Biodiversity, Principal Executive
Carrera 9 No 76-49, Edificio ING, piso 7, Bogotá, Colombia
Phone +57 (1) 744-9444
mmoreno@caf.com
More contacts

National Designated Authority

Panama
Ministry of Environment
His Excellency Milciades Concepción Primary
Minister of Environment
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+ 507) 500-0802
mconcepcion@miambiente.gob.pa
Ms. Ligia Castro de Doens Secondary
Operational Focal Point, Advisor to the Minister and Director of Climate Change
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+507) 500-0802
lcastrod@miambiente.gob.pa
Ms. Mirthia Gonzalez Tertiary
Technical Focal Point; Climate Change Analyst and Planner
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+507) 500-0802
mgonzalez@miambiente.gob.pa
Paraguay
Ministry of Economy and Finance
His Excellency Carlos Fernández Valdovinos Primary
Minister of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Ms. Adriana Samaniego Secondary
Senior Analyst
Chile 252 /1220, Asunción, Paraguay
Mr. Cristhian Trinidad Tertiary
Technical Analyst of the Vice Ministry of Economy and Planning of the Ministry of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Uruguay
Ministry of Environment
Ms. Natalie Pareja Primary
Climate Change Director
Zabala 1442, 4th FI, Uruguay CP, 11600, Montevideo, Uruguay