Full Bleed Image Full Bleed Image

Single Project Single Project

Last updated

projectFP095

Transforming Financial Systems for Climate

36000000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation & Adaptation
GCF results areas
  • Energy generation and access
  • Forests and land use
  • Buildings, cities, industries and appliances
  • Health, food and water security
  • Livelihoods of people and communities
  • Infrastructure and built environment

Location & People

Regions
  • Africa
  • Latin America and the Caribbean
Countries
  • Benin BEN
  • Burkina Faso BFA
  • Cameroon CMR
  • Côte d'Ivoire CIV
  • Ecuador ECU
  • Egypt EGY
  • Kenya KEN
  • Madagascar MDG
  • Mauritius MUS
  • Morocco MAR
  • Namibia NAM
  • Nigeria NGA
  • Senegal SEN
  • South Africa ZAF
  • United Republic of Tanzania TZA
  • Togo TGO
  • Uganda UGA
Beneficiaries (approx.) 1,000,000

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
Co-Financing
  • Agencia Francesa de Desarrollo (AFD) Loan USD
  • Agencia Francesa de Desarrollo (AFD) and/or other donors Grant USD

Project owners

Accredited Entity Executing Entity
  • Agencia Francesa de Desarrollo (AFD)
Transforming Financial Systems for Climate Approved October 2018 Est. implementation period 7.0 years
Providing loans and technical assistance in 17 developing countries across Africa and Latin America and the Caribbean to create self-sustaining markets in energy efficiency, renewable energy and climate resilience.

The private sector in these two regions still perceives sustainable energy and climate resilience as expensive and complex, as the environmental advantage of more resilient investments and practices is not well understood. Efforts to demonstrate the benefits of financing these areas are required to reach a critical mass and upscale the commercial viability of climate projects.

The main objectives of this programme are to scale up climate finance in the targeted countries, to redirect financial flows, and reinforce the capacity of local partners in climate-related sectors. It will do this by providing loans through local partner financial institutions to borrowers in sustainable energy, energy efficiency, housing, agriculture, forestry and water and waste management. It will also include a technical support component.

The programme has an estimated lifespan of 20 years.
Type
Document title
Published date
ESS report FP095 - AFD - Benin, Burkina Faso, Cameroon, Cote d'Ivoire, Ecuador, Egypt, Kenya, Madagascar, Mauritius, Morocco, Namibia, Nigeria, Senegal, South Africa, Tanzania, Togo, Uganda 27 Sep 2018
Gender assessment FP095 - AFD - Multiple Countries 10 Jan 2019
Gender action plan FP095 - AFD - Multiple Countries 10 Jan 2019
Accredited Entity
  • Agence Française de Developpement (AFD) Mr. Timothée Ourbak Tel: +33 1 5344 6356 Ms. Estelle Mercier Tel: +33 1 5344 4648
^ Back to top