Project

The Climate Aggregation Platform for Developing Countries

Lead country

New York - GEF

Participating countries

Regional

Project status

Under implementation

Implementing period

From July 18, 2017 to July 18, 2022

Project ID: 5749

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Technical team

  • Energy Programme

Technical area(s)

  • Energy access
  • Renewable Energy

Sub-area(s)

  • Electricity access
  • Type: Off-grid, standalone systems
  • Type: Off-grid, mini-grids
  • Resource: Solar

Landscape(s)

N/A

Transformed sector(s)

  • Health care
  • Other sectors

UNDP role(s)

  • Capacity development / Technical assistance
  • Optimising financing

Strategy

  • Finance economy
  • Capacity building

Sub-strategy

  • Energy finance
  • New/other financial schemes/mechanism
  • Demonstration sites/Pilot
  • Awareness raising

Social inclusion

  • Private sector

Gender equality

N/A

Gender result effectiveness scale

  • Gender targeted

Pathway(s)

  • Systems pathway
  • People pathway

Risk reduction target(s)

  • Hazard control/mitigation

SDG target(s)

  • 7.1 Ensure universal access to sustainable, reliable energy

Conventions and protocols

N/A

Private sector(s)

  • Capital providers

Hot topic

  • Multi-stakeholder collaboration
  • Poverty reduction
  • Health

About this project

Description

The Climate Aggregation Platform (CAP) will promote the scale-up of financial aggregation for small-scale, low-carbon energy assets in developing countries. The project aims to help build in-country pipelines of high-quality, standardised low-carbon energy assets and to develop new low-cost sources of financing, building awareness and trust with investors in this new asset class. In so doing, the project can contribute to improving the lives of citizens in developing countries, bringing about affordable, reliable and clean energy.

Objectives

To promote the scale-up of financial aggregation for small-scale, low-carbon energy assets in developing countries.

USD $2,000,000

Grant amount

USD $85,350,000

Leveraged amount (co-financing)

1

Source(s) of fund

Sources of fund

 

  • Global Environment Facility – Trust Fund ($2,000,000)

Implementing partner(s)

  • New York - GEF

Project metrics

Outcome 1:

Increased awareness, exchange of information and engagement in financial aggregation for small-scale, low-carbon energy activities in developing countries.

Indicators:

Direct impact: Lifetime GHG emission reductions from financially closed CAP showcase transactions
Direct impact: number of individuals or businesses benefiting from low-carbon energy as a result of financially closed CAP showcase transactions. Disaggregated by gender.
Direct impact: USD value of financially closed CAP showcase transactions
CAP global working group meetings
Survey score conveying stakeholders' assessment of CAP's awareness raising
Survey score conveying stakeholders' assessment of CAP's global knowledge products
Financially closed CAP showcase transactions
CAP national working groups
Endorsement letters by relevant stakeholders conveying positive assessment of impact of CAP's market development activities

Outcome 2:

Financial closure of three financial aggregation transactions for small-scale, low carbon energy activities in developing countries
Outcome 3:

The market architecture and environment for replication and scale-up of financial aggregation transactions for small-scale, low-carbon energy is enhanced in three developing countries
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Geospatial information

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Project reports and documentation

 

Project Document (ProDoc)