As Suways

Al Buḩayrah

Al Wādī al Jadīd

Banī Suwayf

Al Qāhirah

Ad Daqahlīyah

Dumyāţ

Al Fayyūm

Al Gharbīyah

Al Jīzah

Al Ismā'īlīyah

Janūb Sīnā'

Al Qalyūbīyah

Kafr ash Shaykh

Qinā

Al Uqşur

Al Minyā

Al Minūfīyah

Maţrūḩ

Būr Sa‘īd

Al Iskandarīyah

Sūhāj

Aswān

Ash Sharqīyah

Asyūţ

Shamāl Sīnā'

Al Baḩr al Aḩmar

Egypt

The Ministry of Electricity and Renewable Energy has taken several measures aimed at increasing the contribution of new and renewable energy, which is planned to reach 42% of the total electrical energy produced in 2035.

Distribute about 12 million energy-saving bulbs on participants through electricity distribution companies  by 2015 against a 2012 baseline

Achieving a cumulative energy savings of 5% between 2012 and 2015 (compared to the average of the previous five years of consumption) by 2012-2015 compared with a 2007-2012 scenario

Generate 20% of the country's electricity from renewable sources by 2020

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It is expected that USD 2.8 trillion will be needed between 2020 and 2030 for Africa to implement its Nationally Determined Contributions (NDCs). Yet, in 2019 and 2020, Africa received only 12 to 15 per cent of the required investments for climate action. The share of private climate finance in total climate finance is relatively lower than in any other emerging market globally. The main risks that deter investors from committing to African private equity include the perception of a weak exit window, currency risk, a less attractive risk/return profile than other markets, and political risk.

GCF’s equity investment in NVIIII, a USD 200 million venture capital fund, will mobilise funding for African climate ventures. The venture fund aims to support early and growth-stage companies that promote a clean, inclusive, and sustainable development path for Africa. Investments will be channelled into companies focused on three main themes: services that enable adaptation and resilience; clean technology for decarbonising economic growth; and innovative climate technology for natural resources.

Focusing on Kenya, Nigeria, Rwanda, South Africa, and Egypt, this initiative aims to scale affordable climate solutions from other markets. Each of these countries has a large climate-vulnerable population, making it essential to provide capital for companies in these areas to scale up investments in mitigation and adaptation. Through successful investments, NVIII seeks to establish a strong climate-tech innovation ecosystem by engaging key stakeholders and mobilising private sector capital.

It was developed under GCF’s Project-specific Assessment Approach (PSAA).

This project scales up access to climate finance in low- and middle-income countries by developing green bond markets that mobilize investment in low-emission development. It supports GCF’s strategic goal of mobilizing private finance through innovative, market-based instruments.

Scaling low-emission development in the participating countries is constrained by limited capital, underdeveloped financial ecosystems, and few instruments to attract private investment. These countries also face acute climate vulnerability and mounting risks to their economic and social systems. Strengthening local capital markets is essential to bridge financing gaps and channel resources toward mitigation priorities.

The project aims to mobilise climate finance in low- and middle-income countries by supporting the development of local green bond markets. Through a dedicated investment fund, capital from development finance institutions and private investors will be used to finance climate mitigation projects, while parallel EU-led facilities support capacity-building and lower borrowing costs for bond issuers.

 GCF will invest EUR 200 million (approximately USD 227 million) in equity through the initiative’s fund to support mitigation projects across ten participating countries. The project will prioritise small-scale, low-carbon energy systems and create investment opportunities in hard-to-abate sectors such as transport, helping to channel private capital toward national decarbonisation efforts.

Local CSOs and CBOs in landscapes-seascapes around the world access grant financing and technical assistance, including capacity development and knowledge sharing to maintain and enhance their socio-ecological resilience, well-being and socio-economic conditions for global environmental benefits.

Smallholder farmers in Africa are increasingly vulnerable to climate change. Rising temperatures, droughts, and shifting rainfall patterns threaten their livelihoods and food security. Cultivating 80 per cent of Africa's farmland, they face several challenges, including poor market access and limited inputs, which reduce agricultural productivity, crop yields, and income, further limiting their adaptive capacity.

The programme aims to enhance the climate resilience of smallholder farmers and the agriculture value chain, ultimately promoting increased productivity and food security. It will invest in venture, early and early-growth stage companies that offer bundled adaptation solutions tailored for smallholder farmers. This adaptation-focused blended-finance venture capital fund will build upon the success of ARAF I (FP078), which was anchored by GCF. The Technical Assistance Facility will also support investee companies and smallholder farmers in climate resilience, integrating gender considerations, measuring impact and advancing business development.  

The programme enables smallholder farmers to adopt climate-resilient agricultural practices and access adaptation funding while also providing early-stage capital for innovative climate solutions, business models and technologies to early-stage ventures and micro, small, medium-sized enterprises (MSME).

GCF’s USD 30 million equity contribution will be matched by USD 90 million equity co-financing towards a USD 120 million fund. GCF will also provide USD 4 million in non-reimbursable grant to a USD 12 million Technical Assistance facility.

Geography

Egypt

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