The Green Climate Fund, via the World Bank’s implementation, has provided a US$11.3 million grant in the form of non-refundable ODA to support Vietnam in developing a commercial financing market for industrial energy efficiency investments. The total financing also includes a US$75 million guarantee.
Part of the fund, US$8.3 million, will be used to build capacities for private sectors and provide technical support to the Ministry of Industry and Trade and authorities. The remainder will be used to set up a risk-sharing facility to assist local banks that may get risk from loans for energy efficiency projects.
Source & further information: “Word Bank, Green Climate Fund provide Việt Nam with $86.3 million to spur energy efficiency investments” at https://vietnamnews.vn, accessed on 11 Mar 2021