Project profile — Renewable Energy in Small Island Developing States Program



Overview 

CA-3-P006167002
$50,000,000
IBRD Trust Funds - World Bank (44001)
2020-03-29 - 2043-03-20
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Africa, regional (15.00%)
• America, regional (60.00%)
• Asia, regional (25.00%)

Sector 

• Energy Generation, Renewable Resources: Energy generation, renewable sources - multiple technologies (23210) (100.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

This project aims to support Renewable Energy in Small Island Developing States. This initiative aims to scale up renewable energy production, improve energy efficiency, facilitate the integration of variable renewable energy and improve energy sector resilience in targeted countries. The program’s financing supports key actors in designing regulatory incentives for energy efficiency and renewable energy markets and promoting gender considerations in clean energy investments. The program provides funding alongside credit financing from the International Bank for Reconstruction and Development or the International Development Association. Canada's contribution to the program is expected to help leverage over US$70 million in private and public finance investment and reduce greenhouse gas emissions by over 900 000 tonnes. This program is one of four programs under the Canada-World Bank Clean Energy and Forests Climate Facility.

Expected results 

The expected outcome for this project is increased renewable energy production and energy efficiency, and improved gender equality in these sectors in small island developing states.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Reimbursable grant
Collaboration type Bilateral
Type of aid Project-type interventions
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