FP025
GCF-EBRD SEFF Co-financing Programme
GCF-EBRD SEFF Co-financing Programme
The EBRD and GCF Green Economy Financing Facility (GEFF), formerly known as the Sustainable Energy Financing Facilities (SEFF) Co-financing programme, aims to deliver climate finance to the private sector at scale through Partner Financial Institutions (PFIs) across 10 countries.
Scaling up private sector climate finance is an urgent priority to rapidly put the world on a mitigation path leading to a 1.5°C outcome and enable vulnerable countries to move to a climate-resilient pathway.
This programme will deliver climate finance at scale via PFIs in developing countries, which will fund over 20,000 scalable and replicable projects across industrial, commercial, residential, transport, and agricultural sectors.
GEFF is an on-lending programme that will provide credit lines to PFIs to create self-sustaining markets in the areas of energy efficiency, renewable energy, and climate resilience.
The PFIs in the Programme will on-lend the funds to the borrowers such as MSMEs, special purpose companies, and households for energy efficiency, renewable energy, and climate resilience projects. Financing activities will be complemented by providing technical assistance to the local PFIs and the borrowers. This component will include capacity building of local PFIs and micro-, small- and medium-sized enterprises, project assessment and monitoring, and gender mainstreaming activities.
The project has an estimated lifespan of 15 years.
Project timeline
Pipeline
18 Jan 2016 - 271 days
Funding proposal received
18 Jan 2016
Cleared by iTAP
08 Oct 2016
Approved
14 Oct 2016 - 477 days
Approved by GCF Board
14 Oct 2016
Legal opinion on AE's Internal Approval
11 May 2017
FAA executed
06 Nov 2017
Under implementation
02 Feb 2018 - 2,516 days so far
FAA effective
02 Feb 2018
Disbursement - USD 28,171,000
07 Aug 2018
Disbursement - USD 10,661,234
07 Aug 2018
Disbursement - USD 50,000,000
07 Aug 2018
Annual Performance Report
01 Mar 2019
Disbursement - USD 50,000,000
25 Nov 2019
Disbursement - USD 9,338,766
12 Dec 2019
Disbursement - USD 50,000,000
05 Oct 2021
Disbursement - USD 33,250,000
17 May 2023
Disbursement - USD 23,000,000
17 May 2023
To be completed
02 Feb 2033 - 2,964 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing67% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 344,000,000 |
| Grant | USD 34,000,000 |
| Total GCF Financing |
|---|
| USD 378,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 973,000,000 |
| Co-Financing | Grant | USD 34,000,000 |
| Total Co-Financing |
|---|
| USD 1,007,000,000 |
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
European Bank for Reconstruction and Development
Associate Director, Pillar Head, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
Associate Manager, Donor Partnerships
European Bank for Reconstruction and Development, 5 Bank Street, London, E14 4BG, United Kingdom
More contacts
National Designated Authority
Ministry of Environment
Minister
3 Government Bld, Republic Square, Yerevan, Armenia
Head of International Cooperation Department
Ministry of Environment
Manager of Carbon Certificates Marketing Department, Climate change Central Department
Ministry of Environmental Protection and Agriculture
Deputy Minister
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Head, Climate Change Division
6, Marshal Gelovani Avenue, Tbilisi, Georgia
Ministry of Environment
Director, Climate Change Directorate
King Faisal Bin Abd Aziz Street, 83 Um Uthaina, Amman, Jordan
Ministry of Environment
State Secretary
MD-2004, mun. bd Stefan cel Mare si Sfant, 162, Chisinau, Moldova
Ministry of Environment and Tourism
Special Envoy on Climate Change of Mongolia, Ministry of Environment and Climate Change
Ministry of Environment and Climate Change Artsatiin am 624 Khan - Uul District 23rd khoroo, Ulaanbaatar, Mongolia
Senior Analyst, International Cooperation Department, Ministry of Environment and Climate Change
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Agriculture, Forestry and Water Management
Minister
Nemanjina 22-26, Beograd, Serbia
Advisor
Nemanjina 22-26, Belgrade, Serbia
Independent Advisor
Nemanjina 22-26, Belgrade, Serbia
Committee of Environmental Protection Under the Government of the Republic of Tajikistan
Chairman of the Committee of Environmental Protection
5/1 Shamsi str.,, Dushanbe city, Tajikistan
Head of Project Implementation Group and NDA Secretariat
Ministry of Environment and Sustainable Development
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Documents
| Title | Type | Date |
|---|---|---|
| Gender action plan for FP025: Scaling up private sector climate finance through local financial institutions (GCF-EBRD SEFF co-financing Programme) | Gender action plan | 08 Mar 2022 |
| EBRD sustainable energy financing facilities | Approved funding proposal | 22 Mar 2017 |
| Environmental and social safeguards (ESS) report for FP025: GCF-EBRD SEFF Co-financing Programme | Environmental and Social Safeguards report | 21 Oct 2016 |
News + Stories
Jeans that don’t cost the earth
29 Mar 2024 / In partnership with the European Bank of Reconstruction and Development (EBRD) and the European Union, this USD 1.4 billion (USD 378 million in GCF financing) Green Climate Fund project supports Emessa, a denim producer based in Egypt, pioneering energy-efficient ready-made garments in Egypt. This is achieved by installing a new production line, which has reduced the company’s energy consumption by about 28 per cent and cut its CO2 emissions by 46 tonnes a year. The company also managed to decrease its water consumption by 50 per cent.