Objectives:

Purchase emissions reduction at a competitive cost to contribute to Spain’s emissions reduction targets, while promoting renewable energy and energy efficiency projects in developing countries.

Subcategory:

Renewable energy; Biomass; Agriculture; Waste management; Industrial processes.

Eligible organisations:

Public and private entities

Eligible Projects or Programmes:

All JI and CDM projects with a sustainable development component in the sectors of renewable energy; biomass and agricultural waste; urban waste management; and industrial processes. The minimum contribution is USD 2.5 million.

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.