The SECCI Multi-Donor Fund is targeted to help countries reduce institutional, policy, financial, and technological barriers that are constraining the adoption of renewable energy, energy efficiency, biofuel investments and activities, and also barriers that are limiting their participation in the carbon markets.
The support is geared towards (i) designing and setting up new financial mechanisms oriented to lower risk and financial barriers; (ii) financial and market studies; (iii) technical feasibility analysis; (iv) policy reforms and support targeted for programmatic CDM projects; (v) training, knowledge dissemination, and capacity building; (vi) demonstration projects; (vii) information and monitoring systems; (viii) methodology development; and (ix) setting up of national programs. The resources of the SECCI Multi-donor Fund may also be used to finance investment grant operations.
SECCI Multi-Donor Fund is part of IDB's NDC Invest Platform, a one-stop shop of the IDB Group to help countries access resources needed to translate national climate commitments into investment plans and bankable projects. NDC Invest is a platform that includes the entire universe of financial and non-financial instruments of the IDB Group, and it is comprised of four elements: NDC Programmer, NDC Pipeline Accelerator, NDC Market Booster and NDC Finance Mobilizer. Together, the components aim to enable progress toward both the NDC and IDB lending objectives, as well as toward achievement of the UN Sustainable Development Goals.
Proposed operations can be requested by both public and private sector entities, as well as by the Bank. Individual operations requested by private sector require a non-objection letter from the corresponding official national liaison with the Bank.
USD 10 million