Green Economy Financing Facility (GEFF) Lebanon

Location:

Lebanon

Project number:

51381

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Status:

Passed Final Review, Pending Approval

PSD disclosed:

25 Oct 2019

Translated version of this PSD: Arabic

Project Description

The Green Economy Financing Facility (GEFF) Lebanon will provide EBRD financing of up to USD 190 million for on-lending to local commercial banks. The framework will finance energy efficiency, renewable energy, and resource efficiency projects in Lebanon.

Project Objectives

The framework is expected to contribute to the creation of a demand-driven, self-sustaining market for investments in high-performance technologies and services supporting a green economy in Lebanon.

Transition Impact

EBRD's loans to local banks under GEFF Lebanon will unlock investments in energy efficiency, renewable energy, and resource efficiency in Lebanon for both climate mitigation and adaptation.

Client Information

Participating financial institutions (PFIs) are expected to be local commercial banks.

EBRD Finance Summary

USD 190,000,000.00

Total Project Cost

USD 200,000,000.00

Environmental and Social Summary

Categorised FI. PFIs under this programme will be required to comply with EBRD's PRs 2, 4 & 9. Eligible sub-projects under GEFF will be required to be in compliance with the national environmental, social, labour, health and safety legislation as well as the Environmental and Social eligibility criteria for Renewable Energy and Energy Efficiency sub-projects. This will be confirmed to PFIs by a Project Consultant who will be hired by the EBRD to cover this issue. It is anticipated that PFIs will likely be existing clients of the Bank, and hence will already be familiar with EBRD's E&S requirements applicable to FIs. Any new PFIs will be required to complete the E&S Due Diligence Questionnaire for FIs and submit this to ESD for review to establish their compliance with the PRs. All PFIs will be required to submit Annual Environmental and Social Reports to the Bank via the FI Sustainability Index.

Technical Cooperation

Technical cooperation will be undertaken by a team of project consultants for capacity-building, pipeline development, project assessment, and marketing support to PFIs, as well as outreach activities.

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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