Compendium of Climate-Related Initiatives - UN CLIMATE CHANGE HIGH-LEVEL CHAMPIONS
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UN CLIMATE CHANGE
HIGH-LEVEL CHAMPIONS
Compendium of Climate-
Related Initiatives
UN Global list of projects
NOVEMBER 2022
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conclusions.
2Overview of Projects
Categorization
Aggregated view
View by region
UNECA
Table of Contents UNECE
UNECLAC
UNESCAP
UNESCWA
3Overview of Projects
Categorization
Aggregated view
View by region
UNECA
Table of Contents UNECE
UNECLAC
UNESCAP
UNESCWA
4We have categorized our projects using two dimensions
Projects are categorized across ten different themes… … and across five different impact types
Agriculture– green Blue Economy– Carbon Credits- Cities– adaptation Greenfield infra– Brownfield infra– Enterprise–
and resilient sustainable use of restoration of nature and resilience of newly built existing enterprise (often
agriculture ocean resources for using carbon credits human settlements infrastructure asset infrastructure start-up or scale-up)
production methods economic growth financing assets with a climate
and input systems and livelihood solution
Digital– digital Energy– energy Industry– transition Land– restoration of Program– program Fund– fund run by
infrastructure and production (e.g. towards a net zero degraded land ran by an an investor that
systems enabling wind, solar, hydro) industry organization to bundles capital and
climate transition and transmission obtain a certain invests into specific
(cable, hydrogen) objective type of solutions
Transport– sustainable Water– security of
transportation water supply and
infrastructure protection against
and vehicles (e.g. floods
electric motorbikes)
5Overview of Projects
Categorization
Aggregated view
View by region
UNECA
Table of Contents UNECE
UNECLAC
UNESCAP
UNESCWA
6The UN Compendium consists of the 50 projects selected by the UN Regional
Commissions
Climate Champions
Regional fora Extensive efforts regional project list UN Compendium
104 +450 128 50
Projects featured at Projects sourced via fact Project selection per
Projects identified by
regional fora organized by sheet, third party region (maximum of 30
regional commissions1
the reg. commissions platforms projects for each region)
Collated based on: Collated based on: Selected by HLC based
• Country project • Climate relevance on2:
submissions • Data granularity Selection made by UN
• Impact • Climate themes Regional Commissions
• Climate themes • Impact
• Feasibility
Project aggregation process Project selection process
1. Only includes projects that have been presented at regional fora 2. all projects in the UN compendium are also included in the CC regional project list
Source: BCG analysis 7Projects originate from different countries across five geographics
Europe: $0bn
A&R
• Albania
• Georgia $16bn
• Kazakhstan M
• Kyrgyzstan
$0bn • Serbia $0bn
Latin America & 10 Multi
A&R • Tajikistan
the Caribbean:
• Ecuador • Ukraine $16bn
$8bn
M • Caribbean • Multi-regional Total
• El Salvador 10 $0.3bn
$0.2bn • Guyana Asia & the
Multi A&R
• Panama Pacific:
• Argentina • Bangladesh
$8bn
• Multi-regional 10 10 • Bhutan $24bn
Total 10 • Cambodia M
• Fiji
• Indonesia $19bn
$4bn Africa: • Mongolia Multi
A&R
• Egypt • Pakistan
$6bn • Kenya • Thailand $43bn
M • Nigeria • Multi-regional Total
$10bn
• South Africa
• Western Indian Arab Region: $2.3bn
Multi
A&R
Ocean • Algeria
$20bn
• Multi-regional • Egypt $0.4bn
Total
Total projects 50 • Iraq
• Jordan
M
• Lebanon $0bn
Multi
• Oman
• Tunisia $2.7bn
• Multi-regional Total
Key: A&R- Adaptation & Resilience, M- Mitigation, Multi– A&R and M, Total– total approximated cost of projects
Source: UN Regional Economic Commissions; 8Projects vary in terms of themes, maturity and size
50 ~$87bn
projects Investment
Project region Climate theme Climate impact Project maturity Economic class. Deal size
# of projects % of projects % of projects % of projects % of projects % of projects
50
2% 4% 4%
4%
4% 16% 14% 8%
10
6% Land
27% 12%
8% Carbon
8% credit markets 22% 8%
10 34%
8% Digital
transformations 16%
Africa 10% $10bn+
Finance 31%
10
$5bn-$10bn
Industry 12%
Asia and the Pacific 12% Operational $1bn-$5bn
Transport High-income
Structuring and/or $500m-$1bn
10 Latin America and The blue 62% financing Upper-middle
48% 22%
the Caribbean economy Adaptation & -income $100m-$500m
Feasibility
38% Agriculture resilience 38% $50m-$100m
assessment Lower-middle
10 Arab Region Water Mitigation -income $10m-$50m
Conceptual 18%
Europe Energy Multi design Low-incomeOverview of Projects
Categorization
Aggregated view
View by region
UNECA
Table of Contents UNECE
UNECLAC
UNESCAP
UNESCWA
1010 UNECA projects included in the UN compendium
Theme Project Country Cost(m$)
Agriculture Crop adaptation in the Nile Valley and Delta Egypt 800
Conservation of Forests in the COMIFAC Area Multi 7.3
Carbon credit markets
Restoration of degraded land Multi 10000
Digital transformations Transborder Submarine Fiber PoPs and Regional Smart Hub Kenya 70
Energy 3 GW Mambillla Hydroelectric Power Project Nigeria 5800
Western Indian
7 Regenerative Seascapes 50
Ocean
Western Indian
Blue Bond and debt for Nature Swap 5
Ocean
The blue economy
Blue Carbon Accelerator Fund Multi 50
Western Indian
Blue Natural Capital Financing Facility (BNCFF) 120
Ocean
Water Lesotho Botswana Water Transfer South Africa 2700
1110 UNECA projects included in the UN compendium
10 ~$19.6bn
projects Investment
Project region Climate theme Climate impact Project maturity Economic class. Deal size
# of projects % of projects % of projects % of projects % of projects % of projects
10
1 10% 11%
20% 20% 20%
1 10%
1 10% 10%
33%
1 10% 30% 10%
Egypt
10%
20% 60% $5bn-$10bn
3 Kenya 22% 10%
Agriculture $1bn-$5bn
Digital transformations Operational
Nigeria $500m-$1bn
Structuring and/or 20%
South Africa Energy $100m-$500m
50% Adaptation & financing
Multi 40% Water resilience Upper-middle-income $50m-$100m
3 33% Feasibility
Carbon credit markets Mitigation assessment Lower-middle-income $10m-$50m
20% 20%
Western Indian Ocean The blue economy Multi Conceptual design Low-income10 UNECE projects included in the UN compendium
Theme Project Country Cost(m$)
Uzbekistan
Eastern Europe, Central Asia
Agriculture Green Ammonia Production 2000
(Uzbekistan) and MENA Region
(including Egypt)
Regional: Kazakhstan & other
Digital transformations Global Climate-Neutral Resource Management Platform 17
central Asian countries initially
Biofuels Production in Ukraine Ukraine 1200
ElevenEs Battery Plant Serbia 1200
"Kambar-Ata 2» Hydropower plant Kyrgyzstan 518
Energy
Nigoza Wind Power Plant Georgia 70
Svevind Green Hydrogen Project – Hyrasia One Kazakhstan 10000
Voltalia Solar Photovoltaic Plant Albania 210
Management of Critical Raw Materials Tajikistan 8
Industry
Resource management strategy & Atlas Ukraine 110
1310 UNECE projects included in the UN compendium
10 ~$15.6bn
projects Investment
Project region Climate theme Climate impact Project maturity Economic class. Deal size
# of projects % of projects % of projects % of projects % of projects % of projects
10
1 10% 10%
22%
1 10%
1 50% 30%
Albania
20%
1 22%
Georgia
1 10%
100% $5bn-$10bn
1 Kazakhstan
20% $1bn-$5bn
Kyrgyzstan $500m-$1bn
2 60% Structuring and/or
Serbia Agriculture 56% $100m-$500m
Mitigation financing 50% 10%
Tajikistan Digital transformations Upper-middle-income $50m-$100m
Feasibility 10%
2 Multi Industry assessment Lower-middle-income $10m-$50m
Ukraine Energy Conceptual design 10% 8 countries towards energy mitigation efforts conceptual design phase targeted at middle- worth more than
income countries $500m
Note: Not all data is currently available for all projects, e.g., latest milestone data missing for a few projects;
Source: UN Regional Economic Commission 1410 UNECLAC projects included in the UN compendium
Theme Project Country Cost(m$)
Biorefinery Panama Panama 7000
Cerro Dominador, 1st solar thermal silver (operational) Chile 1000
Energy
Hydrogen Fuel Cells & Electrolyzers Argentina 1.5
Photovoltaic Solar Energy in Public Services Guyana 83
Caribbean Resiliance Fund Caribbean 30
Finance
Chile, Panamá,
Regional Program for Local Financial Institutions -IFL 154
Ecuador y Perú
Circularity of lithium batteries Argentina 2
Industry
Nonotec - Lithium nanoparticles processing for the battery industry Chile 3.5
Electromobility and B. Electrification in public transportation routes in the San Salvador Metropolitan Area (AMSS) El Salvador 50
Transport
Retrofit Project in Quito Ecuador 80
1510 UNECLAC projects included in the UN compendium
10 ~$8.4bn
projects Investment
Project region Climate theme Climate impact Project maturity Economic class. Deal size
# of projects % of projects % of projects % of projects % of projects % of projects
10
1 11% 10%
20% 20%
1 10%
22% 40%
1 10%
Caribbean
20%
1
Multi 20%
1 22%
Ecuador
20%
1 El Salvador
80% 20% $5bn-$10bn
Guyana
50% $500m-$1bn
2 Panama Operational
Finance Structuring and/or $100m-$500m
Argentina 44%
40% Industry financing High-income $50m-$100m
30%
2 Chile Transport Multi Feasibility assessment Upper-middle-income $10m-$50m
Energy Mitigation Conceptual design 10% Lower-middle-income 8 towards energy most common conceptual design towards upper-middle- worth less than $50m
countries phase income countries
Note: Not all data is currently available for all projects, e.g., latest milestone data missing for a few projects
Source: UN Regional Economic Commission 1610 UNESCAP projects included in the UN compendium
Theme Project Country Cost(m$)
Agriculture Transitioning Battambang Province to an agroecological landscape Cambodia 13.5
Australia,
Australia-Asia PowerLink Indonesia, 22000
Singapore
Bio Base Asia Pilot Plant (BBAPP) Thailand 89
Energy Energy transition for cleaner, safe and energy efficient homes Mongolia 20.5
Ponggang Mini-hydro Power (2.8 MW), green energy for sustainable development Indonesia 5.64
Renewable Energy for Climate Resilient Projects and Hydrogen Project Bhutan 1500
Land Living Indus – Ecological restoration of the Indus Basin Pakistan 17000
Transport Sustainable Mobility with Low Emission Fiji: Pilot Project - of Decarbonisation of the Public Bus Sector in Fiji Fiji 36.2
Water Hydro-Eco Park at Kallyanpur Retention Pond in Dhaka Bangladesh 250
Finance United Nations Climate Finance Innovation Fund for Women Thailand 20
1710 UNESCAP projects included in the UN compendium
10 ~$41bn
projects Investment
Project region Climate theme Climate impact Project maturity Economic class. Deal size
# of projects % of projects % of projects % of projects % of projects % of projects
10
1 10% 10%
29% 22% 20%
1 10%
Multi 20%
1 10% 10%
1 Bangladesh
10% 43% 10%
1 Bhutan 10% 44% 10%
1
Cambodia Agriculture $10bn+
1 Fiji Finance 70% $1bn-$5bn
Indonesia Land Structuring and/or 40%
1 50% 71% Adaptation & financing $100m-$500m
Mongolia Transport resilience High-income $50m-$100m
33% Feasibility
2 Pakistan Water Mitigation assessment Upper-middle-income $10m-$50m
Thailand Energy Multi Conceptual design Lower-middle-income 10% 9 countries skewed towards energy most common advanced beyond the towards lower-middle worth less than $50m
feasibility phase income countries
Note: Not all data is currently available for all projects, e.g., latest milestone data missing for a few projects;
Source: UN Regional Economic Commission 1810 UNESCWA projects included in the UN compendium
Theme Project Country Cost(m$)
Improve forest management to reduce wildfires and strengthen resiliency in Nahr Al Kabir Lebanon 2.7
Agriculture
Hilla – Diwaniyah irrigation project Iraq 1300
Energy Efficient Cooling in Buildings (Egypt) Egypt 250
Energy Recovering Associated Gas Flaring in the Regions of Ohanet, Amenas and Tin Fouye Tabankort Algeria 116
REGEND Regional 10
Transport Energy Efficiency in the Sustainable Urban Mobility Sector Tunisia 103
Al-Batina Treated Effluent Line Oman 52
Food Protection Dam in Al Rawdha, Al-Jifnain, Fita and Wadi Hiliti Oman 195
Water
Aqaba-Amman Water Desalination & Conveyance Project (AAWDCP) Jordan 400
Excess Water Diversion from North to Central Tunisia Tunisia 524
1910 UNESCWA projects included in the UN compendium
10 ~$2.7bn
projects Investment
Project region Climate theme Climate impact Project maturity Economic class. Deal size
# of projects % of projects % of projects % of projects % of projects % of projects
10
1 10% 11% 10%
20%
1 33% 10%
20%
1 33%
Algeria
1 30% 30%
Egypt
1 30%
1 Iraq
44% 10%
$1bn-$5bn
Jordan $500m-$1bn
2 67% Structuring and/or 20%
Lebanon Transport $100m-$500m
Multi financing 50%
Regional 40% Agriculture High-income $50m-$100m
Mitigation Feasibility
2 Oman Energy 22% assessment Upper-middle-income $10m-$50m
Adaptation & 20%
Tunisia Water resilience Conceptual design Lower-middle-income 8 Energy & Water most common moved beyond towards lower-middle worth more than
countries feasibility assessment income countries $100m
Note: Not all data is currently available for all projects, e.g., latest milestone data missing for a few projects
Source: UN Regional Economic Commission 20Overview of Projects
Categorization
Aggregated view
View by region
UNECA
Table of Contents UNECE
UNECLAC
UNESCAP
UNESCWA
2110 UNECA projects included in the UN compendium
Theme Project Country Cost(m$)
Agriculture Crop adaptation in the Nile Valley and Delta Egypt 800
Conservation of Forests in the COMIFAC Area Multi 7.3
Carbon credit markets
Restoration of degraded land Multi 10000
Digital transformations Transborder Submarine Fiber PoPs and Regional Smart Hub Kenya 70
Energy 3 GW Mambillla Hydroelectric Power Project Nigeria 5800
Western Indian
7 Regenerative Seascapes 50
Ocean
Western Indian
Blue Bond and debt for Nature Swap 5
Ocean
The blue economy
Blue Carbon Accelerator Fund Multi 50
Western Indian
Blue Natural Capital Financing Facility (BNCFF) 120
Ocean
Water Lesotho Botswana Water Transfer South Africa 2700
22Crop adaptation in the Nile Valley and Delta Agriculture
Presented at the
regional forum
Key info Timelines
Egypt is planning to carry out several activities to encourage farmers to
Project stage: Feasibility
adapt new genotypes and technologies. Also, Egypt is planning to build
resilience to unusual weather events in the delta and to address the effects
Project timelines: 2023-2030 duration of
of climate change on agricultural productivity, livelihoods and food security
implementation
Agriculture
Program
(crops)
Location Project structure
Country: Egypt Owner
Ministry of Agriculture and Land Reclamation, Egypt
Impact
Adaptation & The project will target 1.5m ha of land and
resilience 30m people in rural areas, aiming to ensure 20% Financing
of Nile Delta and Valley communities are
resilient and aware of adaptation options. The
program will also aim to increase annual
production of wheat, barley, maize and
sorghum to 12.2m, 0.45m, 10.6m, and 1.5m
tones, respectively, with a total value of more
$800m
than $54bn by 2030
1.5mn ha land Total project
cost
Project source: UNECA
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 23
deka.moussaragueh@un.orgConservation of Forests in the COMIFAC Area Carbon Credits
Presented at the
regional forum
Key info
Project Timelines
Forest conservation program to conserve forests in the COMIFAC area
(Commission des Forêts d'Afrique Centrale) in Central Africa, through Current Project stage: Feasibility assessment
governance and local management, land rights, and sustainability policies.
Structuring phase: 2023-2024
Potential scope for implementation of a carbon credits scheme
Construction phase: 2024
Carbon credits Non-revenue
generating Operational phase: 2024-2030
program
Region Project structure
Countries: Gabon, Rwanda, Congo Brazzaville, Burundi, Project sponsor Project financing arrangers
Cameroon, Central African Republic, Chad, DRC Responsable des communautés REPALEAC
autochtones d'Afrique chez (REPALEAC)
Impact
The COMIFAC forest conservation project will lead Financing
Mitigation to the conservation of forests in Central Africa,
(REDD+) resulting in CO2e of sequestration
Financing instrument: Grant funding, non-
$7m revenue generating
SDGs Type of finance required: grant
1, 3, 7, 8, 10, 11, 12, 13, 15, 17
Total project
cost
Project source: UNECA
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 24
deka.moussaragueh@un.orgRestoration of degraded land Land
Presented at the
regional forum
Key info Project overview Timelines
The African Forest Landscape Restoration Initiative (AFR100) is a country-led Project stage: Pre-feasibility
effort to bring 128m ha of degraded land in Africa into restoration by 2030
by mobilizing private and public finance at scale Project timelines: Implementation by 2030
Land Program
Region Project structure
Countries: 32 countries Across Africa (Multi- Project sponsor
regional) AUDA-NEPAD1 (Secretariat), WRI2, BMZ3, World Bank and Global Evergreening
Alliance
Impact
32 countries have committed to restore 128m
Mitigation & A&R ha of land which would drive 1.7gt of CO2e/yr
(Nature based carbon sequestration and generate $170bn in Financing
soil carbon net benefits from watershed protection and
sequestration) increased crop yields and forest products. Co-
benefits include enhancing food security and Investment required: Public grants: $4bn (of which $1bn
combatting rural poverty committed) Philanthropic grants: $1bn, Private finance:
$10bn $5bn (of which $481mn committed)
128m ha 1.7gt CO2e/yr
Total project
land carbon sequestration
cost
Project source: UNECA
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 25
deka.moussaragueh@un.orgTransborder submarine fiber PoPs and regional smart hub Digital
Presented at the
regional forum
Key info Timelines
Kenya plans to develop a digital inter-connectivity infrastructure at its Project stage: S3A-Project Structuring
border points comprising 400 Gbps point-of-presences (PoPs) and Smart Hub
data centers, aiming to provide connectivity between submarine fibre from
the Indian Ocean and borders with other EAC countries
Digital Infra asset
transformations (greenfield)
Location Project structure
Country: Kenya
Owner: Intergovernmental Authority on Development (IGAD)
Impact
The fibre PoPs and regional smart hub data centers Financing
Adaptation & will help connect the country and region, increasing
resilience resilience and ability to adapt to the effects of
climate change, with additional significant
developmental co-benefits $70m
Funds
required
Project source: PIDA
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 26
deka.moussaragueh@un.org3GW Mambilla hydroelectric power (PIDA PAP2) Energy
Presented at the
regional forum
Key info Project overview Timelines
Hydroelectric facility being developed on the Dongo River in Nigeria with Project stage: S3A-Project Structuring
capacity of 3GW. The project is being undertaken by the Federal Ministry of
Power. This will be Nigeria’s biggest power plant, with produced energy to
also be exported to other ECOWAS countries Project timelines: Plant expected to be fully
Energy (hydro) Infra asset operational by 2030
(greenfield)
Location Project structure
Operating country: Nigeria
Owner: Federal Ministry of Power, Nigeria
Beneficiary countries: Nigeria, Niger, Togo, Benin and Chad
Impact
The asset will produce 5,457 GWh of renewable
Mitigation
energy per year, helping Nigeria meet its target for Financing
(avoidance)
90% electricity access rate and 30% renewable
energy use by 2030. It will replace a mix of grid,
diesel and petrol generators worth 3,170Mt CO2e1
$5.8bn Investment secured: The Project will be financed in
part through a loan from the Exim Bank of China
5,457 GWh/yr
renewable energy Project cost
1. Estimated using Avoided Emissions Calculator of IRENA
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 27
deka.moussaragueh@un.org7 Regenerative Seascapes Blue Economy
Presented at the
regional forum
Key info Project overview Timelines
Program for the creation and management of regenerative seascapes and
marine conserved areas in the Western Indian Ocean. Canada keen to Project stage: Structuring / execution
initiate establishment in this Seascape areas, WIOMSA to provide scientific
backstopping, and NC to provide the regional policy coordination mechanism
Blue economy Program
Region Project structure
Countries: Comoros, Kenya, Madagascar, Mozambique, Tanzania,
Project sponsor
Seychelles
Great Blue Wall initiative
Impact
Mitigation The 7 regenerative seascapes program will lead to:
(nature-based • The preservation of 1 million km2 of marine and Financing
sequestration) coastal area
• 100mt CO2e of carbon sequestration Use of funds: to fund all seascape design,
• Co-benefits of developing of local blue establishment and management activities
livelihoods $50m $10m (including blue economy related activities to
engage actively local communities in
management of these areas)
1m km2 100mt Co2 Funding
Grant funding
marine and coastal area Sequestration
required secured
Project source: GBW
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 28
deka.moussaragueh@un.orgBlue Bond and Debt-for-Nature Swap Blue Economy
Presented at the
regional forum
Key info Project overview Timelines
Structuring, pipeline building, and private investor coalition building for Project stage: Design phase
the blue bond and debt-for-nature swap program of the Great Blue Wall
(GBW) initiative. An innovative financing mechanism in which the debt of Project timelines: Implementation by 2030
developing countries is purchased in exchange for commitments to preserve
blue natural environments
Blue economy Program
Region Project structure
Countries: Comoros, Kenya, Madagascar, Mozambique, Tanzania, Seychelles
Project sponsor: Great Blue Wall initiative
Impact
The blue bond and debt-for-nature swap program
Mitigation
will lead to the conservation of c.2 million km2 of
the Western Indian Ocean, leading to increased Financing
Investment secured: The Nature Conservancy
additional capacity of restored and rehabilitated
(TNC) involved in Seychelles Blue Bond
blue ecosystems to sequester up to 100mt CO2 by
2030 Use of funds: to establish a Blue Finance Hub that
$5m will spearhead the development of a pipeline of
projects, support countries in developing relevant
2 million km2 100mt Co2 commitment/policies as counter part of debt swaps
critical blue ecosystems restored, rehabilitated Required (end related mechanism to implement these) and
Sequestration by 2030
and effectively protected and conserved funding engage with key partners to secure funding and
technical support.
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 29
deka.moussaragueh@un.orgBlue Carbon Accelerator Fund (BCAF) Blue Economy
Presented at the
regional forum
Key info Project overview Timelines
Part of the International Union for Conservation of Nature and Natural Project stage: Initiative is fully operational
Resources’ (IUCN) Great Blue Wall (GBW) initiative, BCAF is a funding
Project timelines: First Call for Proposal issued in
scheme supporting entrepreneurs and developers of blue carbon
2022 with four initial projects selected for
restoration and conservation projects, through readiness, implementation,
support
and technical support
Blue economy Program Conceptual design period: 2022
Structuring/financial close period: 2023
Region Project structure
Countries: Comoros, Kenya, Madagascar, Mauritius, Mozambique, Seychelles,
Somalia, South Africa, Tanzania Project Sponsor Project arrangers
Great Blue Wall initiative IUCN
Impact
Mitigation BCAF will increase the supply of investment-
ready blue carbon restoration projects, Financing
supporting key carbon sinks such as mangroves,
tidal marshes and seagrasses, while also
protecting biodiversity and supporting
livelihoods by 2030 $50m $500m Investment secured:
Initial funding by the
Australian Government in
Program cost for scaling the Direct investment partnership with IUCN
40k ha Mangroves 10k ha Seagrass formulation of a solid and required for
robust pipeline of bankable operationalizing priority
blue carbon projects pipeline initiatives
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 30
deka.moussaragueh@un.orgBlue Natural Capital Financing Facility (BNCFF) Blue Economy
Presented at the
regional forum
Key info Project overview Timelines
Part of the International Union for Conservation of Nature and Natural Project stage: Fully operational and already
Resources’ (IUCN) Great Blue Wall (GBW) initiative, BNCFF supports the supporting projects in Africa and beyond
development of investable blue natural capital projects, by helping Project timelines: 12 projects already supported,
developers build business cases, prepare for investment, and showcase aim to support additional projects going forward
their projects to potential private investors
Blue economy Program Project timelines: 5 to 7 years
Location Project structure
Countries: Comoros, Kenya, Madagascar, Mozambique, Tanzania, Owner
Seychelles Great Blue Wall initiative
Impact
Mitigation BNCFF will increase the supply of investment-ready
(nature-based blue natural capital projects, driving climate
Financing
sequestration) adaptation and nature-based sequestration in coastal
and marine environments, as well as preserving Investment secured: Ocean Hub Africa providing
functioning ecosystems and create estimated 5,000 direct funding to projects, and incubation support for
Adaptation &
blue jobs, at a proxy 10 jobs per ocean venture supported initiatives, however no funding has been
resilience $120m $5m raised for the GBW. Additional commercial funding
will be invested into incubated/accelerated ventures
500 Total project Investment
cost(Grant) secured
Ocean ventures by 2030
Project source: GBW
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECA at 31
deka.moussaragueh@un.orgLesotho-Botswana water transfer Water
Presented at the
regional forum
Key info Project overview Timelines
Development of a dam and water storage reservoir in the Lesotho Lowlands,
Project stage: Pre-Feasibility
and a 712km bulk water conveyance system through South Africa to
Botswana. The project aims to ensure supply of water to the three
Project timelines: MoU established in 2013 for
countries, under the Integrated Water Resources Management Plan of the
desktop study framework. Pre-feasibility study
Water Infra asset Orange-Senqu River Basin
started in 2018 with expected completion in 2021
(greenfield)
Region Project structure
Countries: Lesotho, South Africa, Botswana Owner: Governments of Lesotho, Botswana and South Africa
Impact
Adaptation & The Lesotho-Botswana water transfer project will
Financing
resilience help address the major short, medium
and long-term problem of water security in the Investment secured
region, which is set to be exacerbated by • NEPAD-IPPF: $1.5bn
climate change $2.7bn $500m • Grant financing: $0.4bn
• Counterpart contribution: $0.3bn.
150Mm3/yr Project preparation cost
Pumped to Botswana Total project cost Investment required • Total: $6.2m
• Secured: $5.9m (NEPAD IPPF, SIWI,
CRIDF, GWP-SA & ORASECOM
Project source: PIDA
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deka.moussaragueh@un.orgOverview of Projects
Categorization
Aggregated view
View by region
UNECA
Table of Contents UNECE
UNECLAC
UNESCAP
UNESCWA
3310 UNECE projects included in the UN compendium
Theme Project Country Cost(m$)
Uzbekistan
Eastern Europe, Central Asia
Agriculture Green Ammonia Production 2000
(Uzbekistan) and MENA Region
(including Egypt)
Regional: Kazakhstan & other
Digital transformations Global Climate-Neutral Resource Management Platform 17
central Asian countries initially
Biofuels Production in Ukraine Ukraine 1200
ElevenEs Battery Plant Serbia 1200
"Kambar-Ata 2» Hydropower plant Kyrgyzstan 517.8
Energy
Nigoza Wind Power Plant Georgia 70
Svevind Green Hydrogen Project – Hyrasia One Kazakhstan 10000
Voltalia Solar Photovoltaic Plant Albania 210
Management of Critical Raw Materials Tajikistan 8
Industry
Resource management strategy & Atlas Ukraine 110
34Green Ammonia Production Agriculture
Presented at the
regional forum
Key info Project overview Timelines
The projects aims to lead to the transition of the nitrogen fertilizer industry Project stage: Conceptual Design
to net zero CO2 emissions by 2050. Ammonia is the critical ingredient in all
mineral nitrogen fertilizers. Using green hydrogen as fuel, itself produced by
electrolysis powered by solar energy with integrated battery storage system,
makes a major contribution to reducing CO2 emissions from fertilizer Project timeline: Staged Implementation
Climate Smart Infra asset manufacture while significantly reducing energy intensity. 5-7 years
Agriculture (greenfield)
Location Project structure
Country: Eastern Europe, Central Asia (Uzbekistan) and MENA Region Project sponsor: N/A; Stakeholders: EBRD, International Fertilizer Association
(including Egypt) (IFA), etc.
Impact Policy Support: International Energy Agency (IEA)
Green ammonia production would enhance food
Mitigation security and have uses in diverse energy vectors for
global shipping, aviation and other high CO2 emitting Financing
(avoidance)
energy users.
Initial investment of $150 million in
integrating a green hydrogen electrolysis
$2bn production unit powered by zero carbon solar
energy with integrated battery storage (IFA
member company Fertiberia)
1.8% of global Project cost
CO2e elimination
Source: International Fertilizer Association
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 35
reserves.energy@un.orgGlobal Climate-Neutral Resource Management Platform Digital
Presented at the
regional forum
Key info Project overview Timelines
The project is part of The concept of Low-Carbon Development by 2060 Project stage: Conceptual design
using best technologies, which would require significant investments to
modernize the industry. In 2021, Kazakhstan notified a reformative
environmental legislation, according to which the licensing system will be Project timeline: 10 years
based on the best available technologies. A pilot digital platform will be Phase I: Kazakhstan –2 years
Digital Infra asset developed that allows storing a database of processes and technologies and Phase II: Central Asia –3 years
calculating the economic effect of measures to reduce the carbon footprint. Phase III: Global coverage –5 years
Solutions (greenfield)
Location Project structure
Country: Regional initiative including Kazakhstan & other Central Asian Project sponsor: Eurasian Engineering Association and International Technology
countries initially and Investment Project Center, Kazakhstan
Impact
Digital information support for the avoidance of
Mitigation approximately 100 million tons of CO2e in Central Asia
by 2030 Financing
(avoidance)
>$17m
100m tons CO2e
carbon sequestration by Project cost
2030
Source: UNECE
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 36
reserves.energy@un.orgBiofuels Production in Ukraine Energy
Presented at the
regional forum
Key info Project overview Timelines
The project involves liquid biofuels (advanced bioethanol & corn ethanol, Project stage: Conceptual Design
advanced biodiesel & vegetable oil biodiesel), biogas and biochemicals and
recycled chemicals like biomethanol and recycled methanol from mixed
waste. Feedstock include waste oils & fats, straw, mixed municipal waste,
kitchen wastes, vegetable oils & corn. European biofuels produced from
Energy Infra asset domestic raw materials in a strictly sustainable manner achieve emission
savings between 70%–90% compared to fossil fuels. Recycled biochemicals
(Biomass) (brownfield)
prevent use of virgin fossil raw materials (oil).
Location Project structure
Country: Ukraine Project sponsor: Envien Group
Impact
Additional project benefits:
Mitigation • Spur circular economy
• Make Ukraine self-sufficient and improve energy Financing
(avoidance)
trade balance
• Diversify energy sources
Total capex includes:
• Increase food security
• €400m Waste to chemical facility
• Decarbonize transportation
• Divert waste from landfill €1.2bn+ • €330m Biorefinery facility
• €300m Advanced bioethanol facility
1.2 million 4,680
tons CO2e/year GWh/year Project cost
carbon sequestration renewable energy
Source: UNECE
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 37
reserves.energy@un.orgElevenEs Battery Plant Energy
Presented at the
regional forum
Key info Project overview Timelines
Serbian battery developer, ElevenEs, has developed technology to produce Project stage: Structuring & Execution
lithium iron phosphate (LFP) batteries for electrical vehicles (EV) and energy
storage applications. ElevenEs along with investor EIT InnoEnergy will build
the first LFP battery gigafactory in Europe that will produce 300MWh per
year. After two years, production will expand to 8GWh, and to 16GWh after Project timeline: The first phase of production,
Energy Infra asset 2028. The factory will be based close to Serbia’s Jadar valley, home to one with a capacity of 300 MWh, should start by
of Europe’s largest deposits of lithium. 2023.
(CRM) (greenfield)
Location Project structure
Country: Serbia Project sponsor: ElevenEs
Impact
• LFP cells last more than twice as long as competing
chemistries, they can be recharged up to 6,000
Mitigation times, charge faster, can be repeatedly charged to Financing
(avoidance) 100% state-of-charge and cause practically no fires
in EVs.
• Project will later be expanded to a capacity of 16 Project Finance: ElevenEs has signed
GWh–enough to equip more than 300,000 electric agreements with EIT InnoEnergy. The project
vehicles (BEVs) with batteries each year.
• The factory will use 100% renewable energy $1.2bn will also be backed by EU funds.
300 MWh/year Project cost
renewable energy
Source: UNECE
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 38
reserves.energy@un.orgKambar-Ata 2 Hydropower Plant Energy
Presented at the
regional forum
Key info Project overview Timelines
Construction of the Kambatirskoy Hydropower plant near the Toktogul Lake. Project stage: Feasibility Assessment
Total capacity 1,860MW for an annual production up to 5.6 GWh. The project
has been identified as a project of national interest and the realisation
phase is planned to take place in two stages:
• Stage 1: ancillary civil works and high voltage transmission lines ($18.9m) Project timeline: N/A
Energy Infra asset • Stage 2: construction of the dam and the power plant (~$498.9m)
(Hydro) (greenfield)
Location Project structure
Country: Kyrgyzstan Project sponsor: OAO Power Plant
Technical partners: Lavalin (Canada) and Enex (Russia).
Impact
Mitigation
Financing
(avoidance)
Financing:
Stage 1 will be financed in two phases:
• Phase 1: worth $18.9m corresponds
$517.8m to technical studies and feasibility
analysis; and
• Phase 2: valued at $498.9m, for realisation
5.6 GWh/year Project cost of the civil works
renewable energy
• Debt will be raised from a combination
of DFIs & commercial banks.
Source: UNECE
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 39
reserves.energy@un.orgNigoza Wind Power Plant Energy
Presented at the
regional forum
Key info Project overview Timelines
The Nigoza wind power plant with 50MW installed capacity is being Project stage: Feasibility Assessment
implemented in cooperation with the Georgian Energy Development Fund
(GEDF). It will generate up to 200 GWh in its first year and up to 5,000 GWh
over a 25-year period. Full feasibility study (including 4 years wind
measurement), ESIA, grid connection survey and all other necessary studies Project timeline: Start of construction is Q4 2023
Energy Infra asset for the project have been conducted. The Government and the project
company are currently negotiating to sign the Implementation Agreement.
(Wind) (greenfield)
Location Project structure
Country: Georgia Project sponsor: JSC Calik Georgia Wind1
Contractual structure: Build Own Operate
Impact
Mitigation
Financing
(avoidance)
Project Finance target structure: Equity 30%
& Debt 70%
$70m
100,000–
258.75
190,000 tons
GWh/year Project cost
CO2e/year renewable energy
carbon sequestration
1. Shareholders: GEDF 15%, Calik Enerji Sanayi Ticaret A.S 85%
Source: UNECE
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 40
reserves.energy@un.orgSvevind Green Hydrogen Project—Hyrasia One Energy
Presented at the
regional forum
Key info Project overview Timelines
The Svevind Green Hydrogen project would install ~40 GW of onshore wind Project stage: Conceptual design (finalization
power and solar PV to feed 20 GW of electrolysers that will produce green
hydrogen. The green hydrogen complex will convert yielded renewable stage) On-site surveys and environmental impact
electricity to produce 2 million tons of hydrogen and/or up to 11 million tons assessment are underway.
of ammonia per year. The exact ratio of green hydrogen and ammonia Project timeline: The facility will be
Energy Infra asset production will be adjusted based on the offtake structures. The output is commissioned in 5 phases. Planning and
(wind and set to be exported to markets in Eurasia. execution is scheduled for a 10+ year period.
(greenfield)
solar power)
Location Project structure
Country: Kazakhstan Project sponsor: Svevind Energy Group
Impact
• Two-thirds of the solar and wind output would be
Mitigation used to power electrolyzers that would create
about 3 million tons of hydrogen per year from Financing
(avoidance)
water
• The resulting green hydrogen, in either liquid or
gas form, is produced without any GHG emissions
• The advantage of hydrogen, beyond being clean, is
that it is easy to transport or sell abroad. €10bn+
Project cost
Source: UNECE
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 41
reserves.energy@un.orgVoltalia Solar Photovoltaic Plants Energy
Presented at the
regional forum
Key info Project overview Timelines
Voltalia is developing two projects over a combined surface of 317 hectares Project stage: a) Under construction since July
of non-productive salty lands:
2022; b) Structuring & Execution
• The Karavasta 140MW photovoltaic plant (PV), that will be the largest PV
in the Western Balkans. The plant will be interconnected to the national
grid through a 20 km long overhead line. Project timeline: a) Construction: 2021;
Energy Infra asset • 100 MW ground-mounted Spitalla Solar PV Park, off the Adriatic Coast, in Commercial Operation Date: 2023;
(Solar) (greenfield) the port city of Durres. b) Construction: 2023; Commercial Operation
Date: S224
Location Project structure
Country: Albania Project sponsor: French company, Voltalia
Contractual structure: Build, Own, Operate and Transfer; 30-year concession; 15-
year sales contract with the Albanian public operator (50% and 70% of electricity
Impact output for Karavasta, and Spitalla respectively).
• Karavasta will supply energy to over 220.000 Stakeholders: EBRD
Mitigation Albanian families
• The project will avoid the emissions of 96,500+ Financing
(avoidance)
tons of CO2, the equivalent of 9.5% of the
emissions from the industrial sector in Albania.
Investment:
• Spitalla will supply energy to over 154,000
A combination of equity, Project Finance debt
households.
€210m and grant
a) €125m
b) €83m
163,548 tons
>265 GWh/year
CO2e/year renewable energy Project cost
carbon sequestration
Source: UNECE
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at 42
reserves.energy@un.orgManagement of Critical Raw Materials Industry
Presented at the
regional forum
Key info Project overview Timelines
Tajikistan has developed various programs to manage Critical Raw Materials Project stage: Conceptual design
(CRMs):
• International Standard for the Assessment of Reserves of CRMs.
• Survey for deposits of rare earth elements in the Pamirs: The project allows
assessing the prospecting potential of lithium, beryllium, and other critical Project timeline: Implementation period
Energy Program minerals as well as discovering new deposits of rare earth elements in the January 2023 to December 2025
(CRM), Industry Pamirs based on regional geochemical data, satellite remote sensing
interpretation, and geological fieldworks.
Location Project structure
Country: Tajikistan Project sponsor:
• State Commission of the Republic of Tajikistan for
Mineral Reserves
Impact • Department of Geology under the Government of the Republic of Tajikistan
Mitigation
Financing
(avoidance)
$8m a) $3m
b) $5m
Project cost
Source: UNECE
Note: The project will entail (a) organization of training and courses on the international standards and new software; (b) implementing programs in mining and geological industry; (c)
drafting legal documents and adapting them to international standards; and (d) organization of consultations and seminars on convergence of approaches.To be put in touch with the 43
relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECE at reserves.energy@un.orgResource Management Strategy & Atlas Industry
Presented at the
regional forum
Key info Project overview Timelines
Two projects to help Ukraine reducing its dependence mineral imports:
• Formulation of a single national multi-level resource management Project timeline:
strategy for energy, mineral, renewable and water resources Phase A: 12 months
• Mineral & Raw material Atlas: development of regulatory conditions for Phase B: 24 months
domestic production of mineral raw materials, preparation of new
Energy Program deposits, geological exploration works, and reassessment of drinking
(Solar), Industry groundwater resources.
Location Project structure
Country: Ukraine Project sponsor: State Commission of Ukraine on Mineral Resources (SCMR)
Impact
Strategies and mechanisms for the post-war recovery
Mitigation of resource-intensive sectors of Ukraine’s economy
will be developed with the objective to achieve Financing
(avoidance)
climate neutrality, resource use efficiency, mineral
base development and integrated water resource Overall cost:
management. Phase A: $25m
€110m Phase B: $85m estimated need per year (budget of the
Government of Ukraine is currently at $5-7m per year)
Project cost
Source: UNECE
Note: Implementation of the United Nations Resource Management System (UNRMS) will allow Ukraine to achieve sustainable development standards.
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reserves.energy@un.orgOverview of Projects
Categorization
Aggregated view
View by region
UNECA
Table of Contents UNECE
UNECLAC
UNESCAP
UNESCWA
4510 UNECLAC projects included in the UN compendium
Theme Project Country Cost(m$)
Biorefinery Panama 7000
Cerro Dominador, 1st solar thermal silver (operational) Chile 1000
Energy
Hydrogen Fuel Cells & Electrolyzers Argentina 1.5
Photovoltaic Solar Energy in Public Services Guyana 83
Caribbean Resiliance Fund Caribbean 30
Finance
Chile, Panamá,
Regional Program for Local Financial Institutions -IFL 154
Ecuador y Perú
Circularity of lithium batteries Argentina 2
Industry
Nonotec - Lithium nanoparticles processing for the battery industry Chile 3.5
Electromobility and B. Electrification in public transportation routes in the San Salvador Metropolitan Area (AMSS) El Salvador 50
Transport
Retrofit Project in Quito Ecuador 80
46Biorefinery Energy
Presented at the
regional forum
Key info Project overview Timelines
Refinery (with SGP BioEnergy) to produce 180,000 barrels per day of Current project stage: Conceptual design
biofuels, including sustainable aviation fuel (SAF) and renewable marine Conceptual design period: During 2022
diesel. sustainable aviation fuel (SAF) and renewable marine diesel. Structuring assessment period: During 2022
Construction/ Development period: 2023- 2025
Energy Infra asset Operating period: 2023- 2025
(greenfield)
Location Project structure
Country: Panama Developer and Off-taker: SGP BioEnergy,Government of Panama and, Panama Oil
Terminals (POTSA)
Contractors: SGP BioEnergy,Panama Oil Terminals (POTSA), among others.
Impact Project sponsor: Government of Panama
Reduction of the plant's By 80% Contractual structure: Contract
Mitigation carbon footprint
Financing
(avoidance) Barrels of biofuels 180,000/day
Jobs created 1000 jobs
Target gearing: To be defined
To be
$7bn Time frame for financing: In association with
defined GS
1,000 180,000/day -80% Investment structure: to be defined
Reduction of plant´s Total project cost Current funds
New jobs Barrels of biofuels
carbon footprint required
Of which public capital: to be defined
Project source: UNECLAC
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECLAC at 47
santiago.lorenzo@cepal.orgCerro Dominador Thermal Solar Plant Energy
Presented at the
regional forum
Key info Project overview Timelines
The region's first solar thermal plant, which uses 10,600 mirrors Current project stage: Operational
spread over a 3-kilometre-diameter esplanade and generates Construction/ development period: 2014
210 MW Operating period: 2018 (first 100MW)
Energy (hydro) Infra asset
(greenfield)
Location Project structure
Country: Atacama, Chile Developer: EIG Global Energy Partners
Off-taker: Abengoa Cerro Dominador Contractors: Acciona
Latest milestone: The plant was synchronized with the Chilean grid in April 2021
Impact CORFO, Natixis, Deutsche Bank, Société Générale, ABN AMRO, Banco Santander,
Commerzbank, BTG Pactual, among others
Emission 210MW green energy, avoiding C02 643
Mitigation Financing
avoidance KtonCo2/year
(avoidance)
Employment 1400 jobs in 2020 and 640 jobs in 2021
project financiers: CORFO, BID, KfW, EU
$1bn $0.2bn Investment structure: $0.8bn
Of which public capital: $20M
2.040 210 MW/yr 643 Kton
Total project cost Current funds
new jobs renewable energy carbon sequestration
required
Project source: UNECLAC
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECLAC at 48
santiago.lorenzo@cepal.orgHydrogen Fuel Cells & Electrolyzers Energy
Key info Project overview Timelines
This project will use renewable energy (i.e., solar PV) to produce hydrogen, Current project stage: Planning
thus producing an energy vector with zero emissions across three areas: Conceptual design period: 2022
• Synthesis of new materials for energy conversion and storage; Structuring assessment period: 2022-2024
• Simulation, design and engineering to predict the behavior of energy Construction/ development period: 2024 -2025
conversion systems under diverse conditions; Operating period: starting in 2025
Infra asset
Energy • Prototype production using the best performance materials at the
(greenfield)
laboratory scale and pilot plant scaling-up
Location Project structure
Country: Argentina/Latin America Developer: Instituto Nacional de Tecnología Industrial (INTI)
Latest milestone: Conceptualization concluded
Impact
Financing
Use of funds: Project Execution
Mitigation
(avoidance)
Investment structure: Blended Equity, Debt,
$1.5m $1.5m Grant, and Mezzanine
Total project cost Current funds
required
Project source: INTI
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at 49
hlcfinanceprojects@climatechampions.team and UNECLAC at santiago.lorenzo@cepal.orgPhotovoltaic Solar Energy in Public Services Energy
Key info Project overview Timelines
GUYSOL will invest in eight utility-scale solar PV projects totaling 33MWp Current project stage: Feasibility
with associated 34MWh energy storage systems distributed in three areas of Conceptual design period: 2022 -2023
the country. Specifically, it will invest in 10MWp in the Berbice area, 8MWp Structuring assessment period: 2023
project on the Essequibo system with a minimum of 12MWh of battery Construction/ Development period: 2022-2026
storage and 15MWp of plant connected to the Linden system, with a Operating period: Up to 2026
Energy (solar) Program
minimum of 22MWh of battery storage.
Location Project structure
Country: Guyana Developer and Off-taker: Guyana Power & Light Inc. (GPL) y Linden Electricity
Company Inc. (LECI) Government of Guyana
Project sponsor: Norwegian Agency for Development Cooperation and IDB
Impact
Renewable energy 33 MWp Impact
generation
Beneficiaries 260,000 The proposed GUYSOL operation Financing
will increase the use of renewable
Mitigation energy generation, with specific
(avoidance) investments in innovative large-
scale solar photovoltaic (PV) and
battery energy storage system $83.3m tbd
(BESS) technology.
265,000 33 MWp Total project cost Current funds
beneficiaries renewable energy
required
Project source: UNECLAC
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECLAC at 50
santiago.lorenzo@cepal.orgCaribbean Resilience Fund Finance
Presented at the
regional forum
Key info Project overview Timelines
The CRF is special purpose financing vehicle (SPV) to leverage long-term Current project stage: Setting up the SPV
low-cost development financing for the Caribbean while at the same time Conceptual design period: 2015-2020
ensuring the availability of resources for investment in adaptation and Structuring assessment period: 2021-2023
mitigation initiatives in the development of green economic sectors Construction/ Development period: 2023
Looking for an initial capital injection of about US$ 30 million sourced from Operating period: 2023-onwards
Finance Program
Caribbean Governments, the private sector, and the international
community, including the MDBs and the GCF.
Location Project structure
Country: The Caribbean Developer: UN UNECLAC Off-taker: CARICOM Contractual structure: SPV
Contractors: Bidding process has not yet been initiated
Project sponsor: Governments of Antigua and Barbuda, Saint Lucia, and Saint
Impact Vincent and the Grenadines
Mitigation Impact:
(avoidance) • Invest in green industry development Financing
for climate adaptation and mitigation Use of funds: Resilience building, Growth and
Adaptation • It will include public – private competitiveness, Liquidity and debt facility
& resilience partnerships Target gearing: 30 M
• Support for debt restructuring involving Time frame for financing: capital needed for
climate action $30m $tbd the first 20-30 months of operation
• Long term impact in adaptation and Investment secured: [$x by y]
mitigation actions by all Caribbean Of which public capital: 49% (14.7 M)by 2025
countries Total project cost Current funds
required
Project source: UNECLAC
To be put in touch with the relevant project owner(s), please reach out to the High-Level Champions Finance Team at hlcfinanceprojects@climatechampions.team and UNECLAC at 51
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