Directions of EU support to EECCA countries

Niels SchusterDirectorate-General for Climate Action

European Commission

Climate Action

• Target: continuing to mobilise USD 100 bn a year in public and private climate finance from 2020-2025

• EU on track: Mainstreaming 20% of EU budget on climate related issues

• EU agreed to 0.7% GDP ODA target

• Developing synergies between climate policies and IFI activities

EU Leading Mobiliser of Climate Finance

ArmeniaAzerbaijan

BelarusGeorgia

Republic of MoldovaUkraine

Climate Action

Overall available funding: €15.4 billion (2014-20)ENI East Regional: €741 - €906 Mio• In view of the agreed 20% MFF climate target, an increase

of climate-related expenditure during the 2014-2020 programming period is expected

• Domestic coordination!• Indicative priorities:

Further capacity-building on climate legislation topics Investment in mitigation and adaptation Mainstreaming of climate in other sectors (e.g. energy,

transport, agriculture etc.)

European Neighbourhood Instrument (ENI)

Climate Action

Offers an enhanced framework for our climate cooperation:

"greater attention to energy security and climate action"

"promotion of the full implementation of the expected Paris Climate Agreement (including commitments)"

"introducing robust emissions monitoring, reporting and verification frameworks, including in the longer term,

emission trading systems.''

Review of the European Neighbourhood Policy

EU climate cooperation will need to integrate Paris Agreement!

Climate Action

Project time frame: October 2012 – October 2016Project budget: maximum EUR 7 million*

Objective to support Partner Countries so that they are better equipped for

greenhouse-gas emission reductions and better prepared to deal with climate change impacts

• * Part of a larger 'Clima East project' package, which also consists of pilot projects on ecosystems based approaches to climate change (maximum EUR 11 million)

Climate Action

Neighbourhood Investment Facility (NIF)

Purpose:Using EU grants to mobilize financing from Financial Institutions and private sector for greater impact

Overall, NIF has helped to ensure around €3 billion climate financing in Eastern Partnership region (2008-2014)

Central Asia

Kazakhstan Kyrgyz Republic

Tajikistan Turkmenistan

Uzbekistan

Climate Action

Central Asia Programming Period 2014 –2020

Available funding (Central Asia): €1.07 billion

Regional (non-bilateral) assistance focuses on • socio-economic development; • regional security for development• sustainable regional development – energy, environment

and water with a strong focus on climate change

Development Cooperation Instrument (DCI)

Climate Action

Finances projects (inter alia) with the following aims:• Better energy infrastructure• Better focus and control of climate change impacts

Results (2010-2015 ): 22 projects - grant financing of €119 million (climate & other)• total financing from IFI of approximately €553 million • total investment budget of approximately €830 million.

IFCA provides its support through:• Investment grants• Technical assistance• Risk capital and other risk sharing instruments

Investment Facility for Central Asia (IFCA)

Four-year project on improved energy data and evidence-based energy policy-making Eastern Europe, Caucasus and Central Asia. follows on from the EU INOGATE programme

Implemented by the IEA, the Energy Community Secretariat and the Energy Charter Secretariat

Project time frame: July 2016 – July 2020Project Budget: EUR 6.8 million

EU4Energy

Climate Action

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