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Environmental Loans - Circular 236 Framework

Environmental Loans - Circular 236 Framework. Central Bank of Lebanon Financing Unit. Energy Related: Any undertaking related to Energy Saving and Renewable Energy. Falls under the National Energy and Renewable Energy Action “NEEREA”. Non-Energy Related:

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Environmental Loans - Circular 236 Framework

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  1. Environmental Loans - Circular 236 Framework Central Bank of Lebanon Financing Unit

  2. Energy Related: • Any undertaking related to Energy Saving and Renewable Energy. • Falls under the National Energy and Renewable Energy Action “NEEREA”. • Non-Energy Related: • Any project concerned with pollution abatement, solid waste and waste water treatment, recycling. • Ecotourism, organic agriculture, and landscaping.

  3. New Projects: • Repayment period up to 10 years, beginning after the end of the grace period. • Grace period ranging from 6 months to 4 years. • Re-modeling Existing Projects: • Repayment period up to 10 years, including the grace period. • Grace period ranging from 6 months to 2 years.

  4. Environmental Loans – Loan Application • Loans less than $20,000, or equivalent, need an approval from the Board of the Central Bank for an umbrella amount. • Loans with values for more than $20,000 need individual approval from the Governor of the Central bank.

  5. Energy Related Projects

  6. Energy Related Projects

  7. Energy Related Projects

  8. Lebanese Pound Non- Subsidized Environmental Loans

  9. Foreign Currency Non- Subsidized Environmental Loans

  10. Subsidized Interest Environmental Loans

  11. Energy Related Projects • The value of the loan extended to finance energy related projects would be calculated as follows: • The value of the property is excluded from the above calculations. • The certification system developed by LEED is adopted, or equivalent classifications from other internationally recognized systems.

  12. Lebanese Pound Rated Environmental Loans

  13. Foreign Currency Non- Subsidized Environmental Loans

  14. Penalties

  15. Energy Related Projects • The Central Bank would, in collaboration with the EU, pay a grant to subsidize loans extended to finance energy projects, with a maximum of $150k per project:

  16. Energy Related Projects

  17. Residnetial Green Building • This is a non-rated residential green building that was granted an energy related loan for the amount of LBP4.7bn

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