Climate Investor Two (CI2) (GCF-FP190)

Regions
  • Africa
  • East Asia and Pacific
  • Latin America and Caribbean
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • Botswana
  • Brazil
  • Colombia
  • Djibouti
  • Ecuador
  • India
  • Indonesia
  • Ivory Coast
  • Kenya
  • Madagascar
  • Maldives
  • Morocco
  • Namibia
  • Nigeria
  • Philippines
  • Sierra Leone
  • South Africa
  • Uganda
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
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
A
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
Jul 20, 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
FMO – Dutch Development Bank
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
  • Energy
  • Infrastructure
  • Water and Sanitation
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)
$ 145.00 million
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.
Project Cost (USD)
$ 1,100.00 million
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.
Other Related Projects
Primary Source

Original disclosure @ GCF website

Updated in EWS Aug 11, 2022

Disclosed by Bank Dec 10, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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 Green Climate Fund, Climate Investor Two (CI2) is a fund that aims to support the private sector to develop and construct climate-resilient infrastructure projects in developing countries in the water, sanitation, and ocean sectors – areas which usually do not attract interest from the private sector. The targeted investments under the fund will reduce the effects and consequences of climate change by decreasing greenhouse gas emissions and by increasing the resilience of vulnerable communities. For instance, in the water sector, CI2 will help countries, undergoing, or expected to undergo water stress, adapt to climate change by building infrastructure which sources, transports, and treats the water necessary for both municipal and industrial users. This is GCF’s first at-scale private sector programme in the water sector. Through investments in nature-based solutions, CI2 targets cross-cutting climate change mitigation and adaptation outcomes that take advantage of the natural ability of restored ecosystems to sequester carbon and foster ecosystem-based adaptation.

CI2 aims to develop and construct the infrastructure that’s required to future-proof parts of the water cycle. The investment thesis differentiates between three different sectors: (i) ‘the water sector’, (ii) ‘the sanitation sector, and the (iii) ‘the oceans and ecosystems sector’.

(i) In the water sector, one of the objectives of CI2 in the water sector is to realize climate change adaptation impacts in countries undergoing, or expected to undergo water stress, through building the infrastructure which sources, transports, and treats the water necessary for both municipal and industrial users to be resilient to the localized impacts of climate change.

(ii) In the sanitation sector, the primary objective of CI2 in the sanitation sector is to deliver significant climate change mitigation impacts, through building the infrastructure which sustainably treats and manages solid wastes and wastewater, including, wherever possible, using waste and wastewater as a source for bio-energy generation by constructing waste to energy projects.

(iii) In the oceans and ecosystems sector, CI2 aims to invest in infrastructure for ports, ships, and harbors that contributes to improved ocean health (by reducing greenhouse gas emissions). In addition, it will pursue investments and ecosystem-based approaches to protect, preserve and/or restore riverine, coastland, marine, and wetland ecosystems.

 

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

Climate Investor Two (“CI2”) has the mission to develop and construct infrastructure projects in developing countries in the water, sanitation, and ocean sectors that reduce the effects and consequences of climate change by ameliorating GHG emissions and by increasing resilience. To do so, CI2 will deploy an innovative whole-of-life financing approach utilizing two independent but operationally inter-linked funds. The two funds focus on different stages of the project lifecycle; the Development Fund (“DF2”) provides development loans to early-stage projects and their ecosystems, whereas the Construction Equity Fund (“CEF2”) provides equity during the construction phase. With a Green Climate Fund (“GCF”) participation of USD 145 million, the prospective fund sizes are estimated at a USD 100 million DF2 and a USD 1 billion CEF210 (out which 80% would be eligible for GCF proceeds – a USD 80 mln. DF2 and a USD 800 mln. CEF2). GCF participation would enable CI2 to scale significantly and provide scarce, highly additional donor capital to the structure which is required to crowd in further private sector participation.

FMO, the Dutch Development Bank, will act as Accredited Entity for this proposal and as an Executing Entity in respect of specific activities which will be elaborated in the FAA. Climate Fund Managers, a joint venture between FMO and Sanlam, will act as the Fund Manager of Climate Investor Two, and is the first Executing Entity. The DF2 and the CEF2, the two Funds within Climate Investor Two, will act as the second and third Executing Entities.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - FMO Client Finance

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.

GCF CONTACTS

General media inquiries:
GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information
GCF Information Disclosure
Request information about this project

Project complaints and grievances
GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)

File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail


ACCREDITED ENTITY
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden
Mr. David Kuijper
Primary
Manager Public Investment Management
Phone +31 70 314 9715
d.kuijper@fmo.nl

Mrs. Susie Shuford
Secondary
Portfolio Manager, Public Investment Management
Phone +31 70 314 9166
S.Shuford@fmo.nl


NATIONAL DESIGNATED AUTHORITY


Bangladesh
Economic Relations Division (ERD), Ministry of Finance
Ms. Sharifa Khan
Secretary
Economic Relations Division (ERD), Ministry of Finance, Block No. 8, Room No. 3 & 4, Shere-e-Bangla Nagar, Dhaka 1207, Bangladesh, Dhaka, Bangladesh
Phone +8802-48117636
secretary@erd.gov.bd
sharifanaser@gmail.com


Botswana

Ministry of Finance and Economic Development
Ms. Keineetse Lepekoane
Director, Development Programmes
Phone +267 3950353
klepekoane@gov.bw

Ms. Catherine Matongo
Chief Economist
Phone +267 398 9990
cmatongo@gov.bw

Ms. Keneilwe Bolebano
Principal Economist
Government Enclave, State Drive,, Gaborone, Botswana
Phone +267 3950378
kbolebano@gov.bw

Ms. Gaanewe Mogotsi
Deputy Director, Development Programmes
Government Enclave, State Drive, P/Bag 008, Goborone, Botswana
Phone +267 3950224
gnmogotsi@gov.bw

Ms. Boineelo Sealetsa
Senior Economist
Government Enclave, State Drive, P/Bag 008, Goborone, Botswana
Phone +267 3950378
btsealetsa@gov.bw


Brazil
Secretariat for International Affairs, Ministry of Economy
Mr. Marco Aurélio dos Santos Rocha
Secretary for International Economic Affairs
Esplanada dos Ministérios, Bloco K, 8° andar, Brasilia, Brazil
Phone +55 61 2020-4654
and.gcf@economia.gov.br

Ms. Raquel Breda dos Santos
General Coordinator for Global Development Institutions
Esplanada dos Ministérios, Bloco K, 8° andar - Sala 874, Brasilia, Brazil
Phone +55 (61) 2020-4603
raquel.breda@economia.gov.br

Mr. Luiz Mauricio de Araújo Navarro
Coordinator for Policies and Funds for Development Finance
Esplanada dos Ministérios, Bloco K, 8° andar - Sala 874, Brasilia, Brazil
Phone +55 (61) 2020-4603
luiz.navarro@economia.gov.br


Colombia
National Planning Department
Ms. Carolina Díaz
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
Phone (57)6013815000
finanzasdelclima@dnp.gov.co
cardiaz@dnp.gov.co

Ms. María del Pilar Restrepo
Climate Finance Leader
Calle 26 No. 13-19, Bogotá, D.C, Colombia
Phone (57)6013815000
mrestrepo@dnp.gov.co


Côte d'Ivoire
Minister's Office, Ministry of Environment and Sustainable Development
Mr. Marcel YAO
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Phone (225) 0707791504 / 2720239900
ensamarcel@yahoo.fr
yaomarcelclimat@gmail.com


Djibouti
Ministry of Housing, Urban Development and Environment
Mr. Dini Abdallah Omar
Secretary General
P.O.Box:11, Djibouti, Djibouti
Phone +253 2135 2436
dini.omar85@gmail.com

His Excellency Mohamed Abdoulkader Moussa
Minister of Urbanism, Environment and Tourism
Zone Industrielle Sud , Commune de bouloa, Djibouti, Djibouti
Phone +253 21 35 00 06
Phone (253) 21 35 83 57
mhuecabinet@gmail.com


Ecuador
Ministry of Environment and Water
Ms. Karina Maribel Barrera Moncayo
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Phone +5932 398 7600
karina.barrera@ambiente.gob.ec
ines.arias@ambiente.gob.ec
gabriela.vargas@ambiente.gob.ec


India
Ministry of Environment, Forests and Climate Change
Ms. Rajasree Ray
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India
Phone 011-2081-9197
rajasree.r@nic.in


Indonesia
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3441 484
ndagcf-indonesia@kemenkeu.go.id

Mrs. Dian Lestari
Acting Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
Center for Climate Finance and Multilateral Policy, Fiscal Policy Agency, Ministry of Finance, R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No.1,, Jakarta, Indonesia
Phone +62 21 3483 1678
ndagcf-indonesia@kemenkeu.go.id


Kenya
The National Treasury
Mr. Julius Muia
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
ps@treasury.go.ke

Mr. Peter Odhengo
Senior Policy Advisor, Climate Finance
Phone +254 722 984992
odhengo@gmail.com

Mr. Hillary Korir
Economist
Phone +254 722 644736
hillary.korir@treasury.go.ke
korirhc@gmail.com


Madagascar
Ministry of Environment, Ecology, Sea and Forests
Ms. Lovakanto Ravelomanana
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar
Phone +261 34 86 793 38
lovakanto@gmail.com
lovakanto.r@gmail.com


Maldives
Ministry of Environment, Climate Change and Technology
HE. Ms. Aminath Shauna
Minister of Environment, Climate Change and Technology

Ms. Aishath Aileen Niyaz
Assistant Director, Climate Change Directorate
Green Building, Handhuvaree Hingun, Maafannu, Male, Maldives
Phone +960 301 8300
aileen.niyaz@environment.gov.mv
climate@environment.gov.mv

Mr. Thibyan Ibrahim
Assistant Director, Climate Change Department
thibyan.ibrahim@environment.gov.mv


Morocco
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Mr. Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy
Phone +212 537 711842
bz10.razi@gmail.com
razi@environnement.gov.ma


Namibia
Ministry of Environment and Tourism
Mr. Paulus Ashili
paulusashili80@gmail.com

Mr. Timoteus Mufeti

timoteus.mufeti@meft.gov.na

Mr Petrus Muteyauli
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Phone +264 61 284 2701
pmuteyauli@yahoo.co.uk
pmuteyauli@met.gov.na


Nigeria
Federal Ministry of Environment
Ms. Aniobong Abiola-Awe
Director of the Department of Climate Change
Phone +2348034452959
iniabiolawe@yahoo.co.uk


Philippines
Department of Finance
Secretary Carlos G. Dominguez
Secretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)

Mr. Mark Dennis Y.C. Joven
Undersecretary
Department of Finance Building, Roxas Boulevard cor. P. Ocampo Street, Manila, Philippines (the)
Phone +63 2 8523-4955
mdjoven@dof.gov.ph

Director Neil Adrian Cabiles

ncabiles@dof.gov.ph

Ms. Jenevive Lontok

jlontok@dof.gov.ph

Ms. Sharmaine Ramirez

sramirez@dof.gov.ph

Ms. Glyne Aquino

raquino@dof.gov.ph

Ms. Willa Tac-an

wtac-an@dof.gov.ph

Mr. Marius Torres

mstorres@dof.gov.ph


Sierra Leone
Environment Protection Agency
Dr. Bondi Gevao
Executive Chairman
Phone +23230082924
Phone +23279049175
gevaob@yahoo.com
bondi.gevao@epa.gov.sl


South Africa
Department of Forestry, Fisheries, and the Environment
Ms. Nomfundo Tshabalala
Director General
Phone +27 12 339 9007
DG@environment.gov.za

Ms. Shahkira Parker
Senior Policy Advisor: International Governance Management
sparker@environment.gov.za

Ms. Lucia Motloung

LMotloung@environment.gov.za

Mr. Zaheer Fakir

zfakir@environment.gov.za


Uganda
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
ramathan.ggoobi@finance.go.ug

Mr. Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Phone +256 782 177 125
Phone +256 414 707 161
andrew.masaba@finance.go.ug
Juvenal.Muhumuza@finance.go.ug
Isaac.Katabalwa@finance.go.ug






ACCESS TO INFORMATION
Requests for project information may be submitted using the IDP Request for Information by email to: disclosure@gcfund.org.

 

You can also submit an information request using this online form: https://www.greenclimate.fund/about/disclosure/form.  Additionally, if information requested is denied, an appeal can be filed to the Information Appeals Panel: iap@gcfund.org.  You can learn more about the Information Appeals Panel at: https://www.greenclimate.fund/about/disclosure/appeals.

 

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND 

 

The Independent Redress Mechanism (IRM) addresses complaints by people who believe they are negatively affected or may be affected by projects or programmes funded by the Green Climate Fund (GCF). The complainant can raise issues related to any of GCF’s policies and procedures, including those relating to social and environmental issues, indigenous peoples, gender, and information disclosure, among others. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating problem solving or conducting a compliance process. You can learn more about the Independent Redress Mechanism and how to file a complaint at https://irm.greenclimate.fund/.

 

You can access a video about the IRM (English) at: https://youtu.be/1LanbriVhfs.

 

A brochure about the IRM can be accessed in English, French, Spanish, Portuguese, Arabic, Mandarin, Mongolian, Vietnamese, Russian, Ukrainian, Korean, German, and Kiswahili at: https://irm.greenclimate.fund/.

How it works

How it works