How it works

The EEGM is a $25 million mechanism formed jointly by the IDB ($15 million) and the GEF ($10 million) that addresses funding needs in the currently underserved sector of energy efficiency in Brazilian commercial buildings.

Through this credit enhancement tool, the IDB uses its AAA credit rating to bring borrowers to Brazil’s energy efficiency market. The EEGM provides credit and/or performance guarantees for up to 80% of project costs for energy efficiency projects in commercial buildings.

The mechanism addresses barriers in the energy efficiency market for buildings in Brazil, such as lack of specific financing mechanisms and related expertise.

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