GCF earmarks EUR 220 mn to bolster energy efficiency in buildings globally — and Morocco and Tunisia are included: The Global Climate Fund (GCF) board approved EUR 220 mn in loans and grants to fund energy efficiency in buildings, some of which will be geared towards Morocco and Tunisia, according to a French Development Agency (AFD) statement last week. The statement does not specify how much of the funding would be dedicated to the two MENA countries.

The funding package comes as part of the Program for Energy Efficiency in Buildings (PEEB Cool), implemented by German development agency GIZ in cooperation with the French Environment and Energy Management Agency (ADEME) and AFD. The aim is to reduce carbon emissions generated by construction (which accounts for 40% of global GHG emissions) and cooling, and refurbish a total of 35k buildings to be more climate resilient.