Acceleration of financial investments in maritime decarbonization in developing countries (with a focus on SIDS and LDCs), which is expected to lead to future reductions in GHG emissions, a healthier and more sustainable marine environment, and socio-economic benefits such as job creation and improved access to clean energy.

Project Details

GEF Project ID
12112
Country
Global
Implementing Agencies
The World Bank
European Bank for Reconstruction and Development
Approval FY
Status
Project Approved
Region
Global
Executing Agencies
IMOEBRD; World Bank
GEF Period
GEF - 8
Project Type
Medium-size Project
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
326,393,750
GEF Project Grant
5,000,000
GEF Agency Fees
475,000

Timeline

Received by GEF
Project Approved for Implementation