Release date: 9 November 2010
Promoter – Financial Intermediary
INTERACT CLIMATE CHANGE FACILITY
Location
Description
Co-financing with European Development Finance Institutions (EDFIs) and Agence française de Développement of climate action operations in ACP countries under co-investment agreement.
Objectives
The ICCF will finance only climate-friendly investments undertaken by the private sector. Its aim is to support low carbon sustainable economic development. Main focus of the Facility is the avoidance of greenhouse gas emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million.
Total cost (Approximate amount)
EUR 500 million.
Environmental aspects
One of the main objectives of this operation is to mitigate climate change by supporting projects that reduce greenhouse gas emissions. All projects financed under the scheme must comply with applicable environmental and social standards and must meet the relevant EIB’s standards.
Procurement
Not applicable.
Status
Signed - 22/12/2010
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).