Database / Climate Finance Database / FP009 / climate_sustainability
climate_sustainability
Energy Savings Insurance (ESI) for private energy efficiency investments by Small and Medium-Sized Enterprises (SMEs)
| climate_id | canonical_project_id | climate_mitigation_flag | climate_adaptation_flag | nature_based_solution_flag | paris_alignment_flag | gender_component_flag | climate_co_benefits_pct | climate_finance_definition_source | evidence_basis |
|---|---|---|---|---|---|---|---|---|---|
| GCF_FP009_CLIM_001 | GCF_FP009 | true | false | false | true | true | — | — | Project FP009 is a pure climate mitigation project focused on promoting energy efficiency investments by SMEs in El Salvador. Theme is 'Mitigation' (no adaptation); Section E.4.1 of the Funding Proposal states 'Not applicable as the proposed Project is a mitigation project.' The project targets 562,037 tCO2eq emission reductions over 15 years under GCF result M3.0 (Reduced emissions from buildings, cities, industries and appliances). Result areas are 100% in BA3 (Buildings, cities, industries and appliances). The results framework includes 'Paris performance indicator' labeling for indicator 7.1 Energy savings (GWh), confirming Paris alignment. Section E.5.1 confirms alignment with El Salvador's national climate strategy, Energy Strategy, Climate Change Strategy, and Environmental Plan, including NAMAs/NAPAs/NAPs. Gender component is confirmed by a dedicated Gender Assessment document and explicit gender co-benefits described in the Funding Proposal: 46% of jobs created targeted to women, BANDESAL's credit portfolio ~40% women-led SMEs, and a gender-inclusive marketing and capacity building plan. The project is technology-focused (energy-efficient motors, AC, refrigeration, boilers replacement) with no nature-based or ecosystem-based activities. ESS Category C confirms minimal environmental/social risk. Climate co-benefits percentage and formal climate finance classification taxonomy are not explicitly stated in available sources. |
Field Evidence
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Project FP009 is a pure climate mitigation project focused on promoting energy efficiency investments by SMEs in El Salvador. Theme is 'Mitigation' (no adaptation); Section E.4.1 of the Funding Proposal states 'Not applicable as the proposed Project is a mitigation project.' The project targets 562,037 tCO2eq emission reductions over 15 years under GCF result M3.0 (Reduced emissions from buildings, cities, industries and appliances). Result areas are 100% in BA3 (Buildings, cities, industries and appliances). The results framework includes 'Paris performance indicator' labeling for indicator 7.1 Energy savings (GWh), confirming Paris alignment. Section E.5.1 confirms alignment with El Salvador's national climate strategy, Energy Strategy, Climate Change Strategy, and Environmental Plan, including NAMAs/NAPAs/NAPs. Gender component is confirmed by a dedicated Gender Assessment document and explicit gender co-benefits described in the Funding Proposal: 46% of jobs created targeted to women, BANDESAL's credit portfolio ~40% women-led SMEs, and a gender-inclusive marketing and capacity building plan. The project is technology-focused (energy-efficient motors, AC, refrigeration, boilers replacement) with no nature-based or ecosystem-based activities. ESS Category C confirms minimal environmental/social risk. Climate co-benefits percentage and formal climate finance classification taxonomy are not explicitly stated in available sources.