At a Glance
|Start Date||Q1 Jan 1 2019|
|End Date||q1 Dec 31 2020|
|Actual Budget (USD)||28,504|
|Actual Expenditure (USD)|
|GGGI Share (USD)||28504|
|Poverty and Gender Policy Markers||poverty|
|Name of Client (Lead/Prime implementer if GGGI is part of a consortium)|
|Participating Organization (Funding/donor)|
|Name of consortium members, if any|
Project context, objectives and description
This project is aligned with IO2. Increased green growth investment flows which enable partner governments to implement green growth policies.
Type of services provided, and results achieved
Impact: Increased investment in sustainable energy deployment. The RE industry is matured (efficient sustainable green technologies adopted, switch to renewable energy and good operations management) by industries in PNG
Overall Objective: Increased efficiencies in the energy systems and decreased environmental impact towards energy production for the country.
Outcome: Diesel switching and Converting 90%+ of all telecom towers in Vanuatu and PNG to Solar based systems.
Project Outputs completed in 2020: Secured funding commitment of USD 10mn for the project in Vanuatu (Output 2)
Work on output 1 i.e PNG transaction to start by April 2020
i. Green Growth Policies:N/A
ii. Green Investments: Total investment mobilized Output 1 &2 combined: USD 30Mn. (Partcialtarget met USD 10mn).
iii. Capacity Building and Knowledge Products: N/A