Release date: 5 May 2009
Promoter – Financial Intermediary
EIB and KfW
Location
Description
Under this proposal, EIB and KfW would establish a new jointly sponsored platform mainly dedicated to the purchase of carbon credits from Programmatic CDM (Clean Development Mechanism) and/or projects/programmes in Least Developed Countries (LDCs).
Objectives
Not available.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million.
Total cost (Approximate amount)
Indicatively estimated to be around EUR 100 million
Environmental aspects
Fund II operations will bring global environmental benefits by supporting projects that help mitigate climate change. The individual schemes to be financed are small relative to the scale of the entire energy and environmental project markets but the social and economic impacts in LDCs are very important.
Procurement
Compliance with the EU procurement directives and national laws shall be ensured.
Status
Signed - 11/12/2009