Study on the green financing approach for the European Union's southern neighbourhood
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Project description and context
In the EIB’s Climate Bank Roadmap, adopted in 2020, the Bank committed to significantly increasing the share of its green portfolio. In particular, it identifies the need to increase intermediated lending for climate action as a key area to seize opportunities to support final beneficiaries that the EIB, for reasons of scale, is not in a position to provide directly, such as households and micro, small and medium-sized enterprises (MSMEs) and MidCaps. This increase in loans for climate action investments will need to be accompanied by technical assistance (TA) to build the capacity of financial intermediaries and final beneficiaries, as well as incentive grants to stimulate demand in the target sectors.
In this context, a regional study has been envisaged to support the EIB in business development activities focusing on (1) market analysis, (2) work on required financial products and operational framework/approaches, to be able to live up to the ambitions of the Climate Bank Roadmap in the Southern Neighbourhood region.
The regional study covers Jordan, Egypt and Morocco as priority countries, while Lebanon, Palestine and Tunisia will also be part of the study. The study covers several sectors and thematic areas, including energy efficiency, renewable energies, climate change mitigation, investments in adaptation to climate change, etc.
Work carried out by AMEF Consulting
- Carrying out a market study and developing a strategy for Tunisia in order to identify :
- The financing gap for climate action and environmentally sustainable investments, and the potential demand from households and MSMEs/ETIs for climate action-related financial needs and non-financial services provided by intermediary financial organisations;
The adequacy of the market environment (regulatory framework; government strategy and programmes, in particular NDCs; planned actions and priorities; demand-side constraints) to stimulate climate action investments.
Climate action and environmental sustainability objectives and activities of key EIB peers and co-financiers to ensure compatibility and synergies.
Support for the EIB in adapting existing products and developing new products adapted and approaches for climate action and green financing in Tunisia. These products will consist of financial and non-financial products that the EIB will make available to the MSME and ETI sector via the local financial sector (intermediated and delegated finance).