Database / Climate Finance Database / Risk Structure / FP010
FP010
De-Risking and Scaling-up Investment in Energy Efficient Building Retrofits
Country
Armenia
Region
Eastern Europe, Central Asia, and the Middle East
Sector
Public
Approval Year
2016
risk_structure
4 rows
| risk_id | canonical_project_id | financing_component_id | risk_type | risk_bearer | risk_severity | mitigation_mechanism | mitigation_instrument_id | residual_risk_level |
|---|---|---|---|---|---|---|---|---|
| GCF_FP010_RISK_001 | GCF_FP010 | - | Market / Demand Risk | Project beneficiaries (households, building owners); Financial intermediaries | - | GCF grant financing ($14M) to subsidise EE loans making retrofits more affordable; establishment of measurement, reporting and verification (MRV) measures; awareness campaigns; development of policy frameworks to stimulate demand | - | - |
| GCF_FP010_RISK_002 | GCF_FP010 | - | Policy / Regulatory Risk | UNDP; Government of Armenia (Ministry of Nature Protection / Ministry of Environment) | - | GCF technical assistance ($6M) for development of policy frameworks; UNDP co-funding ($1.4M) and Ministry of Nature Protection co-funding ($0.4M) to support policy reform; building codes and norms development | - | - |
| GCF_FP010_RISK_003 | GCF_FP010 | - | Information / Awareness Risk | Project beneficiaries (households, building owners, municipalities) | - | Technical assistance component to overcome lack of information and awareness about benefits of retrofitting; establishment of MRV measures to demonstrate energy savings | - | - |
| GCF_FP010_RISK_004 | GCF_FP010 | - | Financial / Credit Risk | GCF; Financial intermediaries providing EE loans | - | De-risking through GCF concessional grant ($20M including $14M for loan subsidies); combination of policy and financial de-risking instruments; targeted financial incentives to improve risk-return profile | - | - |
Field Evidence
Market / Demand Risk
GCF grant financing ($14M) to subsidise EE loans making retrofits more affordable; establishment of measurement, reporting and verification (MRV) measures; awareness campaigns; development of policy frameworks to stimulate demand
Policy / Regulatory Risk
GCF technical assistance ($6M) for development of policy frameworks; UNDP co-funding ($1.4M) and Ministry of Nature Protection co-funding ($0.4M) to support policy reform; building codes and norms development
Information / Awareness Risk
Technical assistance component to overcome lack of information and awareness about benefits of retrofitting; establishment of MRV measures to demonstrate energy savings
Financial / Credit Risk
De-risking through GCF concessional grant ($20M including $14M for loan subsidies); combination of policy and financial de-risking instruments; targeted financial incentives to improve risk-return profile