FP228
Cambodian Climate Financing Facility
Cambodian Climate Financing Facility
Cambodia is particularly vulnerable to climate change with high exposure to climate hazards such as floods, landslide, cyclone, extreme heat and wildfire. These are exacerbated by the country’s economic dependence on climate-sensitive sectors such as agriculture and a high rural population. Without proper intervention, climate change could cost up to nine per cent of Cambodia’s gross domestic product, increasing poverty simultaneously. A multifaceted strategy is required to solve the climate challenge, including strengthening the capacity of stakeholders in the public and private sectors and using concessional funding to signal to the market the commercial viability of climate projects.
The Cambodian Climate Financing Facility’s (CCFF) cross-cutting goals include accelerating implementation of the country’s Nationally Determined Commitment (NDC), scaling up climate finance, and lowering greenhouse gas emissions while boosting climate resilience. CCFF will finance high-impact climate projects, focused on resource-constrained NDC priority sectors, through long-term concessional lending and crowding in private sector participation. In addition to tackling the financial barriers and market gaps, the programme will also support capacity building of stakeholders to tackle non-financial barriers and convene stakeholders to coordinate policy dialogues for development of policy framework.
Project timeline
Pipeline
13 Jan 2022 - 784 days
Concept note received
13 Jan 2022
Funding proposal received
14 Mar 2023
Cleared by GCF Secretariat
20 Dec 2023
Cleared by iTAP
12 Feb 2024
Approved
06 Mar 2024 - 280 days so far
Approved by GCF Board
06 Mar 2024
FAA executed
14 Oct 2024
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Grant | USD 4,959,050 |
Loan | USD 50,000,000 |
Total GCF Financing |
---|
USD 54,959,050 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 15,000,000 |
Co-Financing | In-kind | USD 1,000,000 |
Co-Financing | In-kind | USD 3,000,000 |
Co-Financing | Loan | USD 35,000,000 |
Total Co-Financing |
---|
USD 54,000,000 |
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
Korea Development Bank
Senior Manager, Lead Climate Negotiator
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
Documents
Title | Type | Date |
---|---|---|
Cambodian Climate Financing Facility | Approved funding proposal | 04 Apr 2024 |
Gender assessment for FP228: Cambodian Climate Financing Facility | Gender assessment | 07 Mar 2024 |
Gender action plan for FP228: Cambodian Climate Financing Facility | Gender action plan | 07 Mar 2024 |
Environmental and social safeguards (ESS) report for FP228: Cambodian Climate Financing Facility | Environmental and Social Safeguards report | 02 Feb 2024 |