Energy Savings Insurance: Ivo Besselink, Green Climate Fund.pdf

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OECD Environment

OECD-CEFIM Energy Savings Insurance: international focus group discussion, 14 March 2023, Virtual event

Environment

Ivo Besselink
Sector Senior Specialist – Energy and Industries
Division of Portfolio Management
Green Climate Fund
14 March 2023
Energy Savings Insurance:
International Focus Group
Discussion

01
The world’s largest
climate fund
02
Set up by the
UNFCCC, and serving
the Paris Agreement
03
Supporting developing
countries to transition to
low-emission, climate-
resilient societies

03
De-risk and
mobilise finance
at-scale
04
Strengthen
national
financial
institutions to
drive adoption
of novel climate
solutions
02
Catalyse
innovation
01
Establish enabling
environment for
novel climate
solutions
How we
drive change

Projects in GCF Portfolio with ESI components
FP009: Energy Savings Insurance for private
energy efficiency investments by Small and
Medium-Sized Enterprises, El Salvador
FP028: Business loan programme for GHG
emissions reduction in Mongolia
Promoting private sector investments in energy
efficiency in the industrial sector in Paraguay
FP064: Promoting risk mitigation instruments and
finance for renewable energy and energy
efficiency investments in Argentina
• AE: IDB, EE: Bandesal
• Work with LFIs, SMEs
• Total $: USD 51m
• GCF: USD 20m loan +
USD 1.7m grant
• AE: IDB, EE:AFD
• Work with LFIs, SMEs
• Total $: USD 43m
• GCF: USD 20m loan +
USD 3m grant
• AE: Xacbank
• Work with MSMEs
• Total $: USD 60m
• GCF: USD 20m senior loan
• AE: IDB, EE: BICE
• Work with LFIs, SMEs,TSP
• Total $: USD 163m
• GCF: USD 100m loan +
USD 3m grant

BALANCEDALLOCATION
o targeting 50:50
allocation between mitigation &
adaptation
RISK-TAKING,
PATIENT CAPITAL
o accept higher risks to
support early-stage
project development
& innovations to
catalyse climate
finance
COUNTRY-DRIVEN
o Readiness programme
supports country
planning
o GCF programming is
aligned with country
priorities
AN OPEN, PARTNERSHIP
ORGANISATION
o over 200 Accredited Entities and
delivery partners
A RANGE OF FINANCING
INSTRUMENTS
o leverage blended finance
o Piloting support for new
financial structures
Elements to consider for future financing opportunities:
Partners with projects in India and Indonesia:
* Accredited Entities: PTSMI,WB, FMO, UNDP, IUCN, PCA, UNDP, KDB, MUFG_Bank,AFD, NABARD, MAAML, Kemitraan, IDFCBank, SIDBI,YesBank, IEISL,etc

Where to find more information?
Guidance documents and Investment Criteria:
- https://www.greenclimate.fund/projects/access-funding
Funding proposals and annual performance reports for the projects/programmes discussed:
- https://www.greenclimate.fund/projects

Scan this QR code
to download the report
@GCFOfficial
greenclimatefund
green-climate-fund
@theGCF
2021 Annual
results report

The Green Climate Fund is the world's largest dedicated climate fund, established to help developing countries reduce greenhouse gas emissions and strengthen resilience to climate change impacts. It has pledged $9.8 billion for its first replenishment period and has approved 143 projects totaling $6.2 billion to date across 106 countries. The Fund uses its Private Sector Facility to promote private sector climate action through innovative financing instruments like loans, equity, and guarantees to de-risk investments and mobilize private capital for low-carbon and climate-resilient development. Examples of Private Sector Facility projects include a $56 million concessional loan and grant to the Development Bank of Southern Africa for a lending facility to catalyze $850 million in

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