DBSA Climate Finance Facility | Accountability Console
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DBSA Climate Finance Facility

Sectors

Financing

Description:

Projects in this Sector: 10

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Issues Raised

Unknown

Description:

Projects with this Issue Raised: 598

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Project Information

Investment ID: FP098, fda

Bank: Green Climate Fund

Environmental Category: I2

Country: South Africa

Region: Sub-Saharan Africa

Approval Date: Oct. 20, 2018

Investment Types: Grant, Loans

Total Project Cost: USD 170.6 million

Total Complaints: 1

Description

Addressing critical market barriers in accelerating private sector climate investments to help four southern African nations achieve their Nationally Determined Contributions (NDCs). The southern African region faces significant climate mitigation and adaptation challenges, including high vulnerability to extreme climate and rainfall fluctuations. Barriers to regional climate investments include a lack of affordable long-term financing, perceived financial and technology risks, high up-front capital costs and a lack of climate finance mechanisms. The Development Bank of Southern Africa (DBSA) programme will be the first private sector climate finance facility in Africa using a pioneering green bank model. It will de-risk and increase the bankability of climate projects in order to crowd in private sector investment. Its successful implementation will prove that similar financial models can be replicated in other developing countries. The programme has an estimated lifespan of 20 years.

Investments

Investment Type ID Amount Status Bank Client
Loans FP098 USD 55.0 million Active GCF
Grant fda USD 610000 Active GCF

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