BSC invites you to present your Green Project proposals in the frames of “Scaling up green finance practices in Armenia” project funded by Green Climate Fund (GCF).

As a result of this project, at least 10 potential projects will be selected in RA, the implementation of which will be considered through the financial instruments offered by the Green Climate Fund.

“Green" projects implies the projects the implementation of which leads to a positive impact on the environment, on directions such as energy saving, renewable energy generation, water consumption reduction, increase of resource efficiency, waste recycling, development of “greener” products and services, reduction of the level of carbon dioxide in the air, etc.

Green Climate Fund (GCF) is the largest climate fund in the world, which finances green projects in number of countries around the world aimed at limiting CO2 emissions and global warming.
More details about the foundation, as well as examples of funded projects can be found on its officialwebsite: https://www.greenclimate.fund.

Funding tools offered by GCF and their distribution per project can be different: grants, seniorloans, capital investments, etc.
One legal entity is eligible to present number of projects by filling in application form for each project.
The applicants should be representatives of private sector. The projects should have business orientation.
The presented projects can be related to different sectors: agriculture, production, services, construction, etc.

The impact potential of the project should be substantial and should include at least one component described below:

–  Mitigation component implies actions which will mitigate the negative impacts on environment, such as limiting CO2 emissions and global warming.

–  Adaptation component implies actions towards adaptation to negative environmental externalities, which have already took place.

The project was initiated by the Government of the Republic of Armenia, represented by the Ministry of Environment, with the funding of the Green Climate Fund (GCF). The implementing body of the program is “ARMSWISSBANK" CJSC.

In case of questions, before contacting BSC, please make sure to carefully study the uploaded materials; including presentation slides. Contact BSC just in case you could not find answer to your inquiry in the provided materials.