Financing opportunities

Carbon Fund for Europe

Categories

Mitigation

Objectives:

Assist EU countries achieve their Kyoto Protocol and EU ETS targets.

Subcategory:

Renewable energy; Energy efficiency; Methane recovery; Natural gas recovery. 

Eligible organisations:

Public and private entities

Eligible Projects or Programmes:

All types of CDM and JI projects are eligible for the programme, as long as these are designed to help developing countries and economies in transition to achieve sustainable development by fostering investment in clean technology projects, complement private sector development in the emerging carbon market and seek ways to support essential private carbon market development. The fund has a focus on the areas of renewable energy; energy efficiency; methane recovery; and recovery of natural gas.

Proposal/Application requirements:

Description of project proponent. b) Type of project. c) Location of project. d) Expected schedule. e) Financing sought. f) Technical summary of project. g) Expected environmental benefits.

Proposal evaluation criteria:

No information

How to Apply:

1. Submit a project idea note. PIN reviewed by CF Unit of World Bank. If PIN is acceptable, sponsor notified with request to prepare Project concept note.

2. If PCN agreed by FMC (and Participants Committee if required), letter of intent is offered; further work is authorized.

3. Project Design Document prepared (a.  Determine whether existing methodology is applicable b. may require baseline study).

4. Bank region begins technical, financial, environmental and social due diligence.

5. CF Unit prepares term sheets and draft ERPA.

6. Project Due Diligence is completed and World Bank internal approvals are secured.

Funding limit for individual projects:

Fund size is USD 72 million. No information about limit per project.

Additional information:

Document library