FELICITY II – Eastern Partnership and Central Asia Program Supporting Reforms in the building and water sector project

Technical and financial aspects hinder low carbon infrastructure finance. To reduce these barriers the project focuses on two sectors in its partner countries: residential energy efficiency and water and wastewater. On the national level, countries will be supported to create favourable framework conditions for infrastructure investments. Financial intermediaries will be strengthened to on-lend and structure climate finance. On the subnational level, experts and decision makers are supported to prepare bankable low carbon investment projects. This technical assistance will be coupled with a financial contribution by an international finance institution to ensure low-carbon infrastructure projects are implemented and scaled up. Through participating in infrastructure alliances, countries will benefit from learning from regional and international best practices. The project will directly contribute to strengthening the role of sustainable infrastructure in NDC implementation.

• Preparation and implementation of low carbon infrastructure in Eastern Partnership Countries (UA, BY, GEO) and Central Asia (UZ, KAZ)
• Explore options for a revolving mechanism (under the EEF)
• Building upon experiences gained under the EEF-S21 approach and EEF’s current strategic development
• With a view to diversify funding sources, explore options to establish the legal foundations for a revolving mechanism or a direct investing facility under the EEF
• Transforming the Water Sector
• Development of a national water and waste-water strategic program
• Advise on a rationalized tariff system
• Supporting 5-10 municipalities and their water utilities in project preparationo Preparation and implementation of low carbon infrastructure in Eastern Partnership Countries (UA, BY, GEO) and Central Asia (UZ, KAZ)
• Explore options for a revolving mechanism (under the EEF)
• Building upon experiences gained under the EEF-S21 approach and EEF’s current strategic development
• With a view to diversify funding sources, explore options to establish the legal foundations for a revolving mechanism or a direct investing facility under the EEF
• Transforming the Water Sector
• Development of a national water and waste-water strategic program
• Advise on a rationalized tariff system
• Supporting 5-10 municipalities and their water utilities in project preparation