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Climate Finance for Mauritius - SUNREF Project (TA)

Region
Southern Africa
Sector
Energy
Scope
TA
Grant Amount
EUR 3,250,000
Total project cost
EUR 97,000,000
Status
Under disbursement
PFG Lead Financier
AFD

Credit line that aims at financing small and medium investments, with a view of reinforcing the market of mitigation finance initiated during SUNREF I and developed during SUNREF II and creating a demonstration effect/scaling up the market to address the adaptation to Climate change agenda of Mauritius. It also aims at promoting gender equity among projects financed.
 
(please visit the site for further information https://www.sunref.org/ocean-indien/ ).
  
The EU-AITF TA will be used to support project developers, local service providers, and partner banks. While the investment support framework aims inter alia at removing financial barriers hindering the up-scaling of mitigation, adaptation and gender investments, the TA will be designed to remove the non-financial barriers identified in the INDC as well as those impeding the equality.
 

12/2017