Global decarbonization investment accelerator for the hard to abate sectors

The project drives the decarbonization of cement production in the four pilot countries, through methodologies, technology pathways and financial instruments designed sector-agnostic across cement, iron and steel, and aluminium, so that decarbonization projects become pipelines of investment opportunities.
Financial mechanism
GEF
Date of approval
Status
Project approved
URL
https://www.thegef.org/projects-operations/projects/12132
Implementing organisations
UNIDO
Project ID
12132
GEF project type
Medium size
GEF project phase
GEF - 8
GEF Cofinancing
$15.465.300
GEF project grant
$3.000.000
Executing Agencies
United Nations Industrial Development Organization (UNIDO)Ministry of Industry (Ethiopia); Ministry of Industry (Kenya); Ministry - to be defined (Colombia); Ministry of Energy and Mineral Development (Uganda)