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Department for Business, Energy and Industrial Strategy

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Now showing projects 1 - 10 of 25

Climate Investment Funds

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91116 Activity Status: Implementation Budget: £1,455,530,560

Multilateral World Bank-administered funds to help developing countries pilot low-carbon, climate-resilient pathways. This is funded by both the Department for International Development and the Department of Enegry and Climate Change (DECC). This refers only to the DECC spend.;

Climate Public Private Partnership (CP3) Platform

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91119 Activity Status: Implementation Budget: £79,600,000

The UK’s International Climate Fund (ICF) will fund: (1) Equity investment in the Climate Public Private Partnership Asia Fund – CP3 Asia in the amount of £60,000,000 to catalyse low carbon investments in Asia. (2) Equity investment in the IFC Catalyst Fund (CF) in the amount of £50,000,000 to strengthen the financial infrastructure for low carbon investments globally. (3) Grant financing for the Technical Assistance and Project Development Facility (£20,000,000) to assist with project pipeline and fund development. (4) Programme development costs: £384,401.94 contracted; up to £100,000 additional work projected (total project development costs: not exceeding £500,000). This is funded by the Department for International Development and Department of Energy and Climate Change (DECC). This refers only to DECC spend.;

Nationally Appropriate Mitigating Actions Facility

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91105 Activity Status: Implementation Budget: £75,000,000

The UK Department of Energy and Climate Change (DECC) and the German Federal Ministry for the Environment, Nature Conser-vation and Nuclear Safety (BMU) jointly set up the “NAMA Facility”. The Facility is designed to support developing countries that show strong leadership on tackling climate change and want to implement transformational Nationally Appropriate Mitigating Actions (NAMA);

Forests Carbon Partnership Facility

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91101 Activity Status: Implementation Budget: £60,000,000

£3.5 million to the FCPF Readiness Fund and £56.5 million to the FCPF Carbon Fund – administered by the World Bank to help 47 countries reduce greenhouse gas emissions from deforestation. ;

International Carbon Capture and Storage Capacity Building

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91106 Activity Status: Implementation Budget: £60,000,000

Build developing country capacity to deploy carbon capture and storage technologies. The UK will provide £60 million of finance from the International Climate Fund (ICF) to support developing countries to develop both the technical and institutional knowledge necessary to enable the deployment of CCS technologies. Financial support would be channelled toward a range of projects with the aim of ensuring sufficient political support is created to pave the way for full scale demonstration and ultimately the deployment of CCS.;

BioCarbon Fund

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91107 Activity Status: Implementation Budget: £50,000,000

This fund will mobilise finance to reduce carbon emissions in forest and agricultural ecosystems. DECC has invested £50m to support investments in a number of country programmes, which are currently being developed and agreed. The Fund will 1) provide technical assistance for REDD+ implementation and measures which improve the enabling environment for private sector investment; 2) offer finance for Verified Emission Reductions associated with avoided deforestation; and 3) secure private sector finance, for example through purchasing commitments for sustainable commodities produced in the jurisdiction (sometimes called ‘offtaker agreements’). 1. Each country programme under the BioCarbon Fund will operate at the jurisdiction-scale, that is within a landscape-wide area that is governed by a single political jurisdiction. Activities that are likely to be supported include small scale plantation farming, sustainable forest management, afforestation and reforestation, regeneration, National Park designation / no-deforestation zoning, agroforestry and sustainable agricultural practices. ;

Carbon Market Finance (CMF) - Climate Initiative for Development (CiDev)

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91100 Activity Status: Implementation Budget: £35,000,000

CMF has been developed jointly by the Department of Energy & Climate Change and the Department for International Development and in total the UK is contributing £50 million over 2013 to 2025 to build capacity and develop tools and methodologies that will help least developed countries, especially in Sub-Saharan Africa, to access finance from the carbon market. The UK will provide £49 million to the World Bank’s Carbon Initiative for Development (Ci-Dev) to deliver CMF. Ci-Dev will invest in low carbon technologies that deliver community and household level benefits, particularly focused on improving poor peoples’ access to clean energy. By successfully demonstrating the ability of carbon finance to deliver low carbon development in least developed countries Ci-Dev hopes to increase future carbon finance flows to these countries. A further £1 million will be used to monitor and evaluate these impacts and capture and disseminate this knowledge. CMF aims to achieve significant development impacts, installing upwards of 165MW of new renewable energy generation, avoiding an estimated 2.6 MtCO2e, and mobilizing £982 million of private sector finance into clean technologies. ;

Global Climate Partnership Fund (GCPF)

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91111 Activity Status: Implementation Budget: £30,012,000

GCPF is an innovative public-private partnership with the objective of increasing the flow of finance to small and medium enterprises (SMEs) and households for energy efficiency projects, and to a lesser extent renewable energy, by mobilising private finance. Targeting projects across developing and emerging economies, it aims to deliver greenhouse gas emissions savings and support local development. GCPF was established by the German Government (BMU) and development agency (KfW) and has been operating successfully since 2011 and is open ended with no set close date. GCPF is a Fund that is commercially run by Deutsche Bank. The majority (at least 70%) of the Fund will be used to provide local financial institutions with credit lines, with which they in turn offer market rate loans to SMEs/households for renewable energy or energy efficiency projects. A smaller part of the Fund, up to 30%, will make direct investments (equity or debt) in similar projects. GCPF has a complementary technical assistance facility for local financial institutions to introduce or enhance innovative climate change oriented loan products to facilitate new and protect existing investments of the Fund. The private sector (both local financial institutions and the wider capital markets) has a lack of experience and hence confidence in providing finance for small-scale renewable energy and energy efficiency projects. This means that appropriate finance is either not available to SMEs and households, or that lending is offered at prohibitively expensive rates to compensate the high risk that is perceived due to lack of experience of this type of lending. This is a particular issue in developing countries. GCPF aims to address this by using public funds to take a greater level of risk with a lower rate of return than commercial investors would accept in order to mobilise investment in to the Fund. By demonstrating that low carbon investments can be economically attractive and sustainable GCPF aims to accelerate and attract additional capital at scale into climate financing. GCPF does not offer finance at concessional rates to local financial institutions which helps ensure the development of a sustainable market. ;

Green Africa Power

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91118 Activity Status: Implementation Budget: £25,000,000

Green Africa Power (GAP) has been developed jointly by the UK Department of Energy and Climate Change (£25m) and UK Department for International Development (£53m) and in total the UK is contributing £98million over 2012 to 2015 to tackle specific constraints to private sector investment in renewable power generation in Africa. The UK will provide £95 million to capitalise GAP - a new company that will be established under the Private Infrastructure Development Group (PIDG) Trust. GAP will invest in renewable energy projects to demonstrate the viability of renewable energy in Africa so that future projects are more likely to happen and attract private developers and investors. A further £3 million will be used to set up the project, monitor and evaluate these impacts and capture and disseminate this knowledge. GAP aims to support projects that will install ~270MW of renewable energy in Africa in 4 years, avoiding an estimated 2.3m tonnes of CO2 emissions. ;

Low Carbon agriculture in Colombia

Reporting Organisation: Department for Business, Energy and Industrial Strategy Project Identifier: GB-GOV-13-91102 Activity Status: Implementation Budget: £15,000,000

The UK is providing a £15m grant over 2012 to 2016 to support the growth of silvopastoral systems (SPS) in Colombia to reduce greenhouse gas emissions, improve the livelihood of farmers, protect local forests and increase biodiversity. Agriculture is one of the biggest sources of greenhouse gas emissions in Colombia and many other developing countries, and a key driver of deforestation. Addressing this fact, the UK and partners are working with cattle ranchers to improve degraded grazing land by using SPS. This means managing the land in a different way: planting trees, shrubs, fodder crops and living fences and conserving existing forest. Participating small farmers, the majority of whom are living in conditions of rural poverty, are able to raise more, healthier cattle on their existing land using SPS, increasing their income and reducing the need to clear forest. This project aims to convert 28,000 hectares of grazing land to SPS, saving around 2MtCO2e over the next 8 years, and create a strategy for increasing the use of SPS in Colombia and beyond. ;

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