Renewable Energy, Energy Efficiency and Environmental Protection Programme III (ECOCASA III)

active

The aim of the Ecocasa program is to contribute to the Mexican government's efforts to reduce CO2 emissions in the new construction sector for low and middle income groups (goal of the FC module). The project includes the provision of various financing mechanisms to promote particularly energy-efficient condominiums/houses and rental apartments. To this end, the Mexican development bank for the real estate sector, Sociedad Hipotecaria Federal (SHF), will receive a low-interest USD loan (development loan) worth EUR 70 million in a third phase (Ecocasa III), which it will pass on directly or through financial intermediaries to project developers to build around 8,425 energy-efficient apartments that reduce CO2e emissions by at least 20%. Reducing the energy consumption of the rapidly growing Mexican population makes a significant contribution to increasing the sustainability of the energy system in Mexico (DC program objective). The direct beneficiaries of the program are low and middle income households in Mexico (target group). The EcoCasa program is implemented within the framework of the Supported NAMA for energy-efficient residential buildings (new construction), a project supported by TC through the Mexican-German NAMA program (BMUB-IKI) that was launched on the occasion of COP 17 of the Framework Convention on Climate Change. The FC module builds on the existing TC commitment in the sector.