Climate Action and Environment Facility (CAEF) - European Investment Bank (EIB)

Donor: 
Any donor
International Finance Institutions
European Union
Geographical focus: 
Global
Europe
South Asia
Thematic focus: 
Tourism in general
Energy in Tourism
Infrastructure in Tourism
Sustainability of natural resources in Tourism
Intro text: 
In 2014, the EIB invested EUR 19.1 billion in climate action projects. Central Asian countries are eligible for investment grade projects in renewable energy, energy efficiency, carbon capture, transportation or storage projects aiming specifically to reduce greenhouse gas emissions and projects contributing substantially to security of EU energy supply.

Official website

www.eib.org/projects/regions/central-asia/

Geographic focus

Central Asian countries

Who can apply?

Public sector entities and private sector companies.

Objectives and activities

Objective: Central Asian countries are eligible for investment grade projects in renewable energy, energy efficiency, carbon capture, transportation or storage projects aiming specifically to reduce greenhouse gas emissions and projects contributing substantially to security of EU energy supply.

Activities: Eligible projects in the energy sector: expansion, modernisation and upgrading of infrastructure and procurement of equipment. Eligible projects in the environmental sector: expansion, modernisation and upgrading of infrastructure and procurement of equipment for energy saving as well as schemes leading to a significant improvement of the environment. Development of social and economic infrastructure by making a key contribution to urban development. For example in Inda: Construction of a 23km metro line and purchase of about 80 metro cars in Lucknow, Uttar Pradesh.

Type and level of funding

2014-2020: €1.5 billion. Financial assistance is provided in the form of loans.