FP095
Transforming Financial Systems for Climate
Transforming Financial Systems for Climate
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.
Project timeline
Pipeline
11 Oct 2017 - 375 days
Concept note received
11 Oct 2017
Cleared by GCF Secretariat
20 Oct 2017
Funding proposal received
06 Mar 2018
Cleared by iTAP
17 Mar 2018
Approved
20 Oct 2018 - 374 days
Approved by GCF Board
20 Oct 2018
Legal opinion on AE's Internal Approval
07 Jan 2019
FAA executed
26 Jun 2019
Under implementation
28 Oct 2019 - 1,865 days so far
FAA effective
28 Oct 2019
Disbursement - USD 527,426
24 Feb 2021
Disbursement - USD 21,097,046
24 Feb 2021
Disbursement - USD 38,054,852
16 Aug 2022
Disbursement - USD 1,740,506
18 Aug 2022
Disbursement - USD 34,000,000
18 Aug 2022
To be completed
28 Apr 2028 - 1,242 days to go
Two regions
- Africa
- Latin America and the Caribbean
Seventeen countries
- Benin
- Burkina Faso
- Cameroon
- Côte d'Ivoire
- Ecuador
- Egypt
- Kenya
- Madagascar
- Mauritius
- Morocco
- Namibia
- Nigeria
- Senegal
- South Africa
- Tanzania
- Togo
- Uganda
Three priority groups
- Least Developed Countries
- Small Island Developing States
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing38% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 220,464,135 |
| Grant | USD 32,700,421 |
| Total GCF Financing |
|---|
| USD 253,164,556 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 428,270,042 |
| Co-Financing | Grant | USD 7,383,966 |
| Total Co-Financing |
|---|
| USD 435,654,008 |
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
Agence Française de Developpement
Delegated External Funds Expert
AFD, 5 rue Roland Barthes, 75012, Paris, France
More contacts
National Designated Authority
Ministry of Living Environment and Sustainable Development
Director General, Division of Climate Change
01 BP 3502 - 01 BP 3621, Cotonou, Benin
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Prime Ministry
Policy Officer
Policy Officer
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Minister's Office, Ministry of Environment and Sustainable Development
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
Ministry of Environment, Water and Ecological Transition
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ministry of Environment
Manager of Carbon Certificates Marketing Department, Climate change Central Department
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
Ministry of the Environment and Sustainable Development
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Ministry of Finance and Economic Development
Deputy Financial Secretary
Government Centre, Port Louis, Mauritius
Lead Analyst, Resource Mobilisation Cluster
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Environment and Tourism
Environmental Commissioner
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Chief Conservation Scientist
National Council on Climate Change
Special Presidential Envoy on Climate Action (SPEC)
Office of the President of the Federal Republic of Nigeria, State House, Abuja, Nigeria
Director-General and Chief Executive Officer
14 Vistula Close, Maitama, FCT, Abuja, Nigeria
Ministry of Environment and Sustainable Development
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal
Department of Forestry, Fisheries, and the Environment
Senior Policy Advisor: International Governance Management
Vice President's Office
Permanent Secretary
Principal Forest Officer, UNFCCC National Focal Point
Directorate of Environment, Ministry of Environment
Director of Environment
240 rue des Nîmes Lomé - Togo -, Lomé, Togo
Environmentalist, head of planning unit
240 rue des Nîmes Lomé - Togo, Lomé, Togo
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit
Documents
| Title | Type | Date |
|---|---|---|
| 2022 Annual Performance Report for FP095: Transforming Financial Systems for Climate | Annual Performance Report | 29 Feb 2024 |
| 2021 Annual Performance Report for FP095: Transforming Financial Systems for Climate | Annual Performance Report | 10 Jul 2023 |
| 2020 Annual Performance Report for FP095: Transforming Financial Systems for Climate | Annual Performance Report | 08 Jun 2021 |
| 2019 Annual Performance Report for FP095: Transforming Financial Systems for Climate | Annual Performance Report | 01 Mar 2020 |
| Gender assessment for FP095: Transforming Financial Systems for Climate | Gender assessment | 10 Jan 2019 |
| Gender action plan for FP095: Transforming Financial Systems for Climate | Gender action plan | 10 Jan 2019 |
| Transforming financial systems for climate | Approved funding proposal | 28 Nov 2018 |
| Environmental and social safeguards (ESS) report for FP095: Transforming Financial Systems for Climate | Environmental and Social Safeguards report | 27 Sep 2018 |
News + Stories
GCF invests USD 270 million to catalyse African climate investment with AFD
26 Jun 2019 / Earlier this week, the Green Climate Fund and the French Development Agency (AFD) signed the agreement which will kick-off the implementation of the “Transforming Financial Systems for Climate” programme. The programme, targeting 17 countries in Africa and Latin America and the Caribbean, seeks to strengthen local financial institutions in the region and boost the private sector’s investments into renewable energy, energy efficiency, and climate resilience projects.