Climate Finance Strategy and NDC Advisory Services (EBRD-16121)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 9, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Ukraine
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Nov 10, 2024

Disclosed by Bank Feb 9, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the website, the EBRD has been supporting the Government of Ukraine in updating its revised National Determined Contribution (“NDC”), which, adopted in July 2021, has committed the country to an overall economy-wide GHGe reduction target of 65% by 2030. the Bank, the German International Climate Initiative and the Ministry of Environmental Protection and Natural Resources of Ukraine have agreed to cooperate on a TC programme that aims to accelerate Ukraine's NDC implementation while promoting the uptake of investments in sustainable bioenergy, agri and land-use practices. The Project contributes to Ukraine's low carbon transition by helping to achieve NDC targets, mobilising domestic and international climate finance and unlocking the country's bio-energy potential through a combination of capacity, policy and investment support. At the same time, the Project will strengthen the enabling environment to incentivise the uptake of investments in sustainable bioenergy, soil productivity and sustainable land management practices. To this end, the Strategy targets to increase the proportion of electricity generated from local sources from 15% in 2019 to 48.5% in 2030, and increase renewable energy's share of the entire energy mix from 11 per cent in 2020 to 14 per cent by 2030. While the Strategy considers the evolution of the energy sector out to 2050, it does not include quantitative projections or targets in this respect.

The Consultant will take into account existing studies, reports, procedures and regulations and shall closely liaise with other ongoing or planned donor initiatives to avoid overlaps and ensure complementarity. In addition, the Consultant(s) will closely coordinate with EBRD’s Reform Delivery office based in Kyiv. The key tasks to be completed are (i) Information Mapping and Framing; (ii) Climate Finance Supply and Demand Outlook Prognosis; (iii) Assessment of key barriers, gaps and opportunities; (v) Development of a Climate Finance Strategy for Ukraine; and (v) Dissemination of results and knowledge transfer.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

No information available at the time of disclosure


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html

How it works

How it works