Green Social Investment Fund (GSIF)
The CEB established the Green Social Investment Fund (GSIF) in March 2020 to help accelerate CEB member countries’ transition towards low carbon and climate resilient economies. It has been endowed with an initial contribution of € 5 million, allocated from the Bank’s annual profit. CEB member countries have also been invited to provide grant contributions to the Fund.
The Fund is used to:
- Scale up the de-carbonisation and climate proofing of social infrastructure.
- Make climate action measures more socially affordable and accessible to vulnerable groups.
It can finance technical assistance and investment grants for projects with high social benefits which enhance climate resilience and aim for climate neutrality. The projects must be aligned with the countries’ commitments to Agenda 2030 for Sustainable Development and the Paris Agreement.
Requests for GSIF support are accepted on a rolling basis (open call) as long as there are resources available in the Fund.