Global Climate Partnership Fund (GCPF)

When investing directly in Projects, GCPF will co-invest with one or more partners. 

Given the wide variety of projects eligible for GCPF funding, the measurement and monitoring of emission reductions must strike the right balance between accuracy and practicality of implementation and is therefore adapted according to the size and nature of the project.
For example, reporting of small, standardized energy efficiency projects such as air conditioners is based on the equipment model. Larger, complex projects require a detailed energy analysis, which the Fund may finance through the Technical Assistance Facility.
To ensure that GCPF-funded projects meet the Fund’s eligibility requirements, projects are subject to an ex ante assessment and ex post monitoring.
The investment manager’s carbon reporting team reviews all loans reported by partner institutions. This responsibility team consists of engineers with broad experience in the design and construction of energy efficiency and renewable energy projects.
Partner institutions are continually assisted in the practical implementation of the GCPF reporting requirements. With several thousand sub-loans financed by GCPF every quarter, reporting and eligibility approval need to be efficient and error-proof, yet pragmatic enough for a challenging operating environment. The GCPF reporting tool is a central component of this process.

Organizational structure can be found here.

The Global Climate Partnership Fund (GCPF) is an investment company under Luxembourg law. It was established by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) and KfW Entwicklungsbank in 2009.
BOARD OF DIRECTORS
Appointed by the GCPF shareholders, the Board of Directors has an oversight role and is responsible for defining GCPF’s strategic direction. It has sole power to administer and manage the Fund. The Board has six members:

Carolin Gassner, Chairperson
Paula Alayo
James McEwen
Cornelis van Aerssen
Véronique Allarousse
INVESTMENT COMMITTEE
The Investment Committee is appointed by the Board of Directors. Its main function is to approve the investment decisions proposed by the Investment Manager and to monitor its other activities. The Investment Committee’s members are:

Jürgen Welschof, Chairperson
Dr. Juan Alario
Judith Brandsma
Ritva Laukkanen
Markus Bohni
TECHNICAL ASSISTANCE FACILITY COMMITTEE
Appointed by facility donors, the Technical Assistance Facility Committee ensures that the Technical Assistance provided by GCPF supports the fund’s objectives and activities.

Andreas Arvanitakis
Véronique Allarousse
Judith Brandsma
INVESTORS
GCPF has the backing of institutions including: German Federal Ministry for Economic Affairs and Climate Action (BMWK), KfW Entwicklungsbank, Ministry of Foreign Affairs of Denmark (Danida), Department for Energy Security and Net Zero (DESNZ), International Finance Corporation (IFC), Development Bank of Austria (OeEB), European Investment Bank (EIB) and Dutch Development Bank (FMO), as well as private investors.

INVESTMENT MANAGER
The Investment Manager, responsAbility Investments AG, is responsible for running GCPF’s business activities and for managing the Technical Assistance Facility. responsAbility Investments AG is one of the world’s leading asset managers in the field of development investments.

SERVICE PROVIDERS
General Secretary : Innpact
Fund Accountant: European Fund Administration
Custodian: Banque de Luxembourg

The Global Climate Partnership Fund (GCPF) mainly supplies financing to local financial institutions, which provide sub-loans for energy products that benefit small and medium-sized businesses and private households.

Energy Efficiency And Renewable Energy

GCPF mainly supplies financing to local financial institutions, which provide sub-loans for energy projects that benefit small and medium-sized businesses and private households in particular. GCPF also finances energy efficiency and renewable energy projects directly. Eligible projects cover different sectors and loan sizes.

• Energy efficiency projects: Eligible projects must provide projected CO2 savings of at least 20%
• Renewable energy projects: Most commercially viable renewable energy generation technologies are eligible for financing, with the exception of bioliquid or biofuel production. GCPF targets renewable energy projects for the retail market, such as home solar systems, as well as small-scale renewable generation plants.

Financial Institutions

GCPF funds local financial institutions that: are committed to building a green lending portfolio and meet GCPF’s social and environmental standards.

Direct Investments

GCPF funds small scale projects (typically 30 MW) that: are in a late development stage or fully authorised and comply with GCPF’s social and environmental management standards.

GCPF mainly supplies financing to local financial institutions, which provide sub-loans for energy projects that benefit small and medium-sized businesses and private households in particular. GCPF also finances energy efficiency and renewable energy projects directly. Eligible projects cover different sectors and loan sizes (typically up to 30 MW). Both local financial institutions and small scale projects must comply with GCPF’s social and environmental management standards.

• Energy efficiency projects: Eligible projects must provide projected energy savings and/or CO2 emissions reductions of at least 20%
• Renewable energy projects: Most commercially viable renewable energy generation technologies are eligible for financing, with the exception of bioliquid or biofuel production. GCPF targets renewable energy projects for the retail market, such as home solar systems, as well as small-scale renewable generation plants.