Global Climate Change FL
- Reference: 20110504
- Release date: 08 February 2012
A bank domiciled in the EU
- South Africa
- Regional - Asia
- MED Countries
- Regional - RU,E.Europe,S.Cauc.
- ACP States
- Regional - Latin America
The proposed operation will support projects that mitigate climate change in eligible partner countries.
The proposed operation will support the development of renewable energy, improve energy efficiency and reduce emissions of airborne pollutants and GHGs from conventional energy production. By promoting sustainable and secure energy supplies necessary for economic growth and development, the project will contribute to the objectives of the Bank’s operations outside of the EU (economic development and climate change) and will meet the Bank’s priority objectives for energy sector lending (renewable energy/energy efficiency).
EUR 142 million
EUR 350 million
The operation will support projects that contribute to the reduction of greenhouse gases emissions and other airborne pollutants. The sub-schemes are expected to have limited environmental and social impacts. None of the sub-schemes submitted for part-financing by the Bank will have a significant negative impact on sites of nature conservation. Standard safeguards and monitoring procedures will ensure that project implementation is satisfactory and complies in particular with the environmental and social requirements of the Bank.
The procurement procedures applied by the Borrower will comply with the Bank’s Guide to Procurement including the publication of tenders in the Official Journal of the EU when appropriate.
Approved - 30/11/2012.
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).