The Clients (borrowers) for the GrCF2 will include governments, municipalities, municipal-owned utility companies, and private companies providing municipal services. And the framework will consist of public (both sovereign and non - sovereign) and private loans, in an aggregate amount of up to EUR 700 million.
According to the bank document, the GrCF2 continues to serve as a sector-wide catalyst for addressing environmental challenges at the city level. This will be achieved through the preparation and subsequent implementation of Green City Action Plans ("GCAP"). GCAP methodology takes a systematic approach to identify, benchmarking, prioritizing and guiding green city actions by cities.
The process involves four steps:
1. Green city baseline and priority setting: measuring the current status of environmental challenges in the city based on 70 core indicators and identifying the priority environmental challenges that need to be addressed.
2. Green City Action Plan: preparing a document that articulates the city's vision, strategic objectives and priority actions and investments regarding environmental challenges and meet the objectives.
3. Implementation: execution of the GCAP.
4. Monitoring and evaluation: monitoring the GCAP results and updating the GCAP as necessary.
Thus GCAPs will be used to identify priority environmental and climate change challenges and subsequent green investments and policy interventions, together with wider strategic objectives in this field. Beyond GCAPs, the sub-projects will address company financial and operational performance, together with implementation capacity, where required and support their access to capital markets.
The total cost of the GrCF2 is estimated at up to €1,149 million including co-financing provided by international donors. The GrCF2 will also benefit from technical cooperation assignments to support preparation and implementation of sub-projects.
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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 a 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 email@example.com or you can submit a complaint online using an online form, 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.