Projects

"Green Cities Facility Project”

  • Recipient countries: North Macedonia, Albania, Armenia, Georgia, Jordan, Mongolia, Moldova, Serbia and Tunisia
  • Project size: Large (USD 592 million)

The Green Cities Facility Project is dedicated to enabling the transition of cities to low-carbon, climate-resilient urban development. It is closely linked to GCF results areas such as energy generation and access, transport, buildings, cities, industries and appliances, livelihoods of people and communities, infrastructure and built environment.

The project was approved by the GCF in October 2018 and has an estimated lifespan of 23 years. It will be implemented with support of EBRD, as GCF Accredited Entity, with participation of national governments and municipalities in the nice countries.

European Bank for Reconstruction and Development (EBRD)
Executing Entity

Web: www.ebrd.com
Contact info

  Headquartered in: United Kingdom One Exchange Square, London EC2A 2JN


Phone

  +44 20 7338 6000

Global Sub-national Climate Fund (SnCF Global) - Technical Assistance Facility
Global Sub-national Climate Fund
(SnCF Global) – Equity


On the 27th Meeting of the Green Climate Fund Board held in the period from 9 until 13 November 2020, the GCF Board, among the other decisions, approved financial support for two regional / global initiatives where North Macedonia is one of the beneficiary countries. These include the Funding Proposal 151 – Global Sub-national Climate Fund (SnCF Global) - Technical Assistance Facility and the Funding Proposal 152 - Global Sub-national Climate Fund (SnCF Global) – Equity.

The goal of the Sub-national Climate Fund is to catalyze the long-term climate investments at the sub-national level for mitigation and adaptation solutions through a transformative financing model. Sub-national Climate Fund will be designed to attract primarily private institutional investment and to deliver certified climate and Sustainable Development impacts and Nature-based Solutions at global scale. The Fund is designed to overcome project-level barriers and limitations in attracting private investment that leads to chronic underfunding of bankable mitigation and adaptation projects at the sub-national level.

The projects will be implemented by GCF Accredited Entities, namely the International Union for Conservation of Nature, as main responsible entity for the Funding Proposal 151 and the Pegasus Capital Advisors as main leading entity for the Funding Proposal 152.

Total project value of Global Sub-national Climate Fund - Technical Assistance Facility: USD 28 million
Total project value of Global Sub-national Climate Fund – Equity: USD 77, 6 million


More information:
• Funding Proposal 151 – Global Subnational Climate Fund (SnCF Global) - Technical Assistance Facility
• Funding Proposal 152- Global Sub-national Climate Fund (SnCF Global) - Equity

Cabinet of the Deputy President of the Government of the Republic of North Macedonia, in charge of economic affairs and coordination of economic departments
National Designated Authority (NDA)/Focal Point for interaction with the Green Climate Fund

Web: www.vicepremier-ekonomija.gov.mk
Contact person

  Mr Daniel Josifovski, Advisor, Cabinet of the Deputy President of the Government of the Republic of North Macedonia, in charge of economic affairs and coordination of economic departments


 Ms. Sandra Andovska, Advisor for Climate Changes, Cabinet of the Deputy President of the Government of the Republic of North Macedonia, in charge of economic affairs and coordination of economic departments

Email

 daniel.josifovski@gs.gov.mk


 sandra.andovska@gs.gov.mk

Green Development North Macedonia

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