Deadline: 27-Nov-2025
The United Nations Development Programme (UNDP) invites National Financial Institutions in Ghana to express interest in developing the Energy Efficiency Revolving Fund (EERF) under the Kigali Amendment framework. The fund aims to finance energy-efficient cooling solutions, reduce HFC consumption, and support Ghana’s Stage I Kigali HFC Implementation Plan. Interested institutions must demonstrate licensing, governance, and risk management capacity.
Overview of the UNDP EERF Initiative
The EERF is part of UNDP’s efforts to implement the Kigali Amendment of the Montreal Protocol in Ghana. It supports the Government of Ghana in reducing HFC consumption and promoting energy-efficient cooling solutions. The fund also aligns with global climate objectives under the Multilateral Fund framework.
Key Objectives
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Develop an operational framework for energy efficiency financing in cooling systems.
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Facilitate the adoption of low-GWP (Global Warming Potential) technologies.
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Enable sustainable lending for energy-efficient equipment through structured loans.
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Contribute to Ghana’s 10% HFC consumption reduction target by 2029.
Who is Eligible?
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National Financial Institutions holding a valid lending license.
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Institutions with strong governance, risk management, and compliance systems.
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Organizations capable of providing detailed proposals including market analysis, loan terms, repayment structures, and stakeholder engagement strategies.
How It Works
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Submit Expression of Interest (EOI): Include cover letter, institutional profile, proof of licensing, financial records, governance information, and confirmation of regulatory compliance.
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Initial Screening: UNDP will conduct a Pass/Fail screening based on eligibility and governance criteria.
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Detailed Evaluation: Eligible EOIs are assessed by UNDP experts for operational framework quality, risk mitigation measures, and market potential.
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Final Development: Selected institutions collaborate with UNDP to develop the final EERF proposal for submission to the Multilateral Fund in early 2026.
Why It Matters
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Promotes energy efficiency and climate-resilient cooling solutions.
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Reduces reliance on HFCs, contributing to global environmental targets.
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Builds institutional capacity in energy efficiency financing.
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Supports Ghana’s Stage I Kigali HFC Implementation Plan through regulatory reforms, technician training, refrigerant management, and low-GWP technology demonstrations.
Common Mistakes to Avoid
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Submitting incomplete documentation or missing licensing proof.
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Failing to demonstrate governance and risk management systems.
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Providing insufficient market analysis or unclear loan terms.
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Ignoring the alignment with Ghana’s Kigali Amendment implementation plan.
FAQ
1. Who can submit an Expression of Interest? Only licensed National Financial Institutions in Ghana.
2. What is the purpose of the EERF? To provide structured financing for energy-efficient cooling solutions while supporting HFC reduction targets.
3. What should the proposal include? Operational framework, market analysis, loan terms, repayment structures, risk mitigation, and stakeholder engagement.
4. How will applications be evaluated? Through a Pass/Fail eligibility screening, followed by expert evaluation of proposal quality and feasibility.
5. When will the final proposal be submitted? Early 2026 to the Multilateral Fund.
6. Does the fund support low-GWP technology adoption? Yes, it is a core objective of the EERF initiative.
7. How does this align with national policy? It supports Ghana’s Stage I Kigali HFC Implementation Plan and broader climate commitments.
Conclusion
The UNDP EERF opportunity offers Ghanaian financial institutions a strategic role in advancing energy efficiency, reducing HFC emissions, and contributing to climate action. By participating, institutions can shape the operational design of the fund, enhance market readiness for energy-efficient cooling, and support national and international environmental targets.
For more information, visit UNDP.
