Strengthening institutional capacities and coordination mechanisms for accelerating and scaling up the mobilization of climate finance in Palestine

READINESSPAL
Palestine

Project summary

Supporting the Palestinian Energy and Natural Resources Authority (PENRA) and the Environment Quality Authority (EQA) in enhancing energy resilience involves reducing energy import dependency by transitioning to locally generated renewable energy and enhancing energy efficiency in Palestine.

The readiness program will focus on setting the groundwork for the full GCF fund, which will have the following objectives:
- Energy independence through local renewable energy generation: · Development of a national Renewable Energy Techno-Economic Environment + Building of local technical knowledge and ensuring nationwide stakeholder acceptance of Renewable Energy + Implementation of the updated national Renewable Energy Strategy and support mechanisms for private sector investments.
- Reduced energy needs through improved energy efficiency: Develop an improved enabling national legislative environment on energy efficiency + Building of local policy, legislative and technical knowledge on energy efficiency + Physical implementation of different energy efficiency actions ranging from the development of new standards, to measures in the private sector, as well as upgrades in energy performance in public buildings.

Code PSE24002
Start date 01 January 2025
End date 04 January 2028
Stage Formulation
Donor Belgium
Sector 23110 Energy policy and administrative management
Budget Not available

General objective

Support the Palestinian Energy and Natural Resources Authority (PENRA) and the Environment Quality Authority (EQA) to strengthen its energy resilience, through both a reduction of energy import dependency by shifting to locally produced renewable energy and by improving energy efficiency in Palestine. The aim is to apply for the GCF readiness program to fund actions to reach this objective.

Specific objective

The readiness program will focus on setting the groundwork for the full GCF fund, which will have the following objectives:
- Energy independence through local renewable energy generation:
· Development of a national Renewable Energy Techno-Economic Environment
· Building of local technical knowledge and ensuring nation wide stakeholder acceptance of Renewable Energy
· Implementation of the updated national Renewable Energy Strategy and support mechanisms for private sector investments.
- Reduced energy needs through improved energy efficiency:
· Develop an improved enabling national legislative environment on energy efficiency
· Building of local policy, legislative and technical knowledge on energy efficiency
· Physical implementation of different energy efficiency actions ranging from the development of new standards, to measures in the private sector, as well as upgrades in energy performance in public buildings

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