FELICITY II — Eastern Partnership and Central Asia Program

Tech­ni­cal and finan­cial aspects hin­der low car­bon infra­struc­ture finance. To reduce these bar­ri­ers the project focus­es on two sec­tors in its part­ner coun­tries: res­i­den­tial ener­gy effi­cien­cy and water and waste­water. On the nation­al lev­el, coun­tries will be sup­port­ed to cre­ate favourable frame­work con­di­tions for infra­struc­ture invest­ments. Finan­cial inter­me­di­aries will be strength­ened to on-lend and struc­ture cli­mate finance. On the sub­na­tion­al lev­el, experts and deci­sion mak­ers are sup­port­ed to pre­pare bank­able low car­bon invest­ment projects. This tech­ni­cal assis­tance will be cou­pled with a finan­cial con­tri­bu­tion by an inter­na­tion­al finance insti­tu­tion to ensure low-car­bon infra­struc­ture projects are imple­ment­ed and scaled up. Through par­tic­i­pat­ing in infra­struc­ture alliances, coun­tries will ben­e­fit from learn­ing from region­al and inter­na­tion­al best prac­tices. The project will direct­ly con­tribute to strength­en­ing the role of sus­tain­able infra­struc­ture in NDC imple­men­ta­tion.