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AR-T1213 : Support for Promoting Risk Mitigation Instruments and Finance for Renewable Energy and Energy Efficiency Investments for SMEs in Argentina with BICE

Project Status: Implementation

This technical cooperation (TC)'s objective is to support the execution of the global credit line program AR-L1280 - Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments . The objective of the loan is to contribute to improve the efficiency in the production and use of energy in Argentina, by increasing small and medium enterprises' (SME) investments in renewable energy (RE) and energy efficiency (EE) to reduce GHG emissions. Successful implementation of projects financed will contribute to reduce GHG emissions, supporting the achievement of the country's climate change goals. The Project is in line with Argentina's government objective to increase RE share in the energy matrix to 20% and reduce energy consumption in 5.9% by 2025. It is also consistent with the country's Nationally Determined Contributions , which sets the goal to reduce GHG emissions by 15% in 2030 with respect to projected business as usual (BAU) emissions for that year and includes actions related to EE and RE

Project Detail

Project Number
AR-T1213
Approval date
July 18, 2018
Project Country
Argentina
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCING FOR ENVIRONMENTAL SUSTAINABILITY
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/GN-16815-AR

Financial Information

Project Number
AR-T1213
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Green Climate Fund
Reporting currency
USD - United States Dollar
Reporting date
Sep/24/2020

Roles & Responsibilities

Contract signature date
Nov/07/2018

Project Information

Total Cost
USD 3,600,000
Country counterpart financing
USD 600,000
Amount
USD 3,000,000