Sustainable Energy Finance (EAP) (IFC-601340)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Specific Location
East Asia and Pacific
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 8, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Climate and Environment
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 2, 2017

Disclosed by Bank Nov 16, 2016


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Project Description
The project aims to reduce carbon emissions by facilitating greater access to finance for climate friendly projects (primarily energy efficiency and renewable energy) across the East Asia and Pacific region (excluding China). The project will focus on the following aspects: 1. Identify new client engagements for in-depth advisory services in the following areas: (i) building in-house capacity and developing pipelines in industrial and commercial energy efficiency; small scale renewable energies such as solar, biomass, waste to energy, and small hydro; (ii) developing carbon markets to promote sustainable, robust trading volumes in carbon markets; and (iii) deepening capital market access for green finance, e.g. green bonds, ABS etc. 2. Establish relationships with end-users, service and technology providers to increase the number of projects and project proponents that will require access to local financial markets. 3. Undertake market awareness activities to introduce climate-friendly concepts and business models to the broader market. These activities will be limited in scope and focused only where deemed most beneficial in creating suitable conditions for greater private sector participation in the climate finance area.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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