{"id":116631,"date":"2018-10-23T13:40:18","date_gmt":"2018-10-23T13:40:18","guid":{"rendered":"https:\/\/armbanks.am\/2018\/10\/23\/247927\/"},"modified":"2024-12-15T13:35:20","modified_gmt":"2024-12-15T13:35:20","slug":"ebrd-receives-e87-million-from-gcf-to-support-to-support-climate-focused-urban-development-in-armenia-georgia-and-other-countries","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2018\/10\/23\/116631\/","title":{"rendered":"EBRD receives \u20ac87 million from GCF to support to support climate-focused urban development in Armenia, Georgia and other countries"},"content":{"rendered":"<p><strong>YEREVAN, October 23 \/ARKA\/.<\/strong> The EBRD said it has received a \u20ac87 million contribution approved by the Green Climate Fund\u2019s (GCF) Board. The funding will support the EBRD\u2019s Green Cities Facility for climate-focused sustainable urban development in Albania, Armenia, Georgia, Jordan, FYR Macedonia, Moldova, Mongolia, Serbia and Tunisia.<\/p>\n<p>EBRD and GCF financing will help cities and municipal utility companies to tackle their most pressing climate challenges such as greenhouse gas emissions, climate change adaptation, energy intensity, solid waste management, replacement of inefficient street lighting and water service management.<\/p>\n<p>Through the Facility\u2019s support, EBRD cities will develop Green City Action Plans (GCAPs) to identify priorities and actions to overcome environmental, social and economic challenges. Globally, cities account for around 70 per cent of CO2 emissions and action is urgent.<\/p>\n<p>The GCF support will complement EBRD\u2019s financing through concessional lending, investment grants and support for technical assistance to cities in the nine target countries. The initiative is part of the EBRD Green Cities Framework that builds on the Bank&#8217;s two decades of experience in investing in municipal and environmental infrastructure.<\/p>\n<p>In the period 2016-2018 alone, the EBRD expects to invest around \u20ac2.5 billion into municipal projects that reduce CO2 emissions by about 800,000 tonnes per year. The approval of \u20ac87 million today was a first tranche towards the total of \u20ac228 million requested. The full facility will benefit an estimated 23 million people and lead to almost 12 million tonnes of CO2 savings, which is equivalent to the greenhouse gas emissions from over 2.3 million passenger vehicles driven for one year<\/p>\n<p>Three pilot GCAPs undertaken in Yerevan, Tbilisi and Tirana are completed, and four new GCAPs are now underway in Chisinau, Belgrade, Batumi and Gyumri in the Facility\u2019s target countries. Two further GCAPs are planned in Amman and Ulaanbaatar in the near future.<\/p>\n<p>Since 2006, the EBRD has committed over \u20ac26 billion to projects furthering the transition to the green economy across its 38 economies. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EBRD said it has received a \u20ac87 million contribution approved by the Green Climate Fund\u2019s (GCF) Board. The funding will support the EBRD\u2019s Green Cities Facility<\/p>\n","protected":false},"author":1,"featured_media":175068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12174,14814,13009,12538,308],"class_list":{"0":"post-116631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-ebrd","11":"tag-gcf","12":"tag-georgia","13":"tag-support","14":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/116631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=116631"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/116631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/175068"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=116631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=116631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=116631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}