VIETNAM CLIMATE CHANGE GL

Promoter – Financial Intermediary

ACCEPTABLE BANK(S)

Location

• Vietnam

Description

The proposed operation would support projects in the renewable energy, energy efficiency and other climate change mitigation and adaptation sectors

Objectives

The proposed operation will focus on supporting a series of investments that contribute to climate change mitigation through the avoidance or reduction of emissions of greenhouse gases, or their sequestration, by the use of renewable energy sources and energy efficiency enhancements as well as afforestation or reforestation. The proposed operation may also include climate change adaptation projects on a case by case basis.

Comments

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Sector(s)

• Energy
• Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

Not applicable.

Environmental aspects

The key objective of this operation is to improve the global environment by supporting projects that help to mitigate climate change. Most individual schemes to be financed will be small and are expected to have limited negative environmental impacts. All investment schemes will be required to meet the relevant national and EU environmental standards, including due consideration for protection of sites of nature conservation, as well as the social safeguards of the Bank.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 31/10/2012