EBRD allocates $54 million to develop energy efficiency in Georgia

12.12.19 16:15

The European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility (GEFF) program in Georgia to develop energy efficiency in the country.


The facility supports small and medium-sized enterprises (SMEs), corporations and residential households by making loans available through local partner banks for energy efficiency, climate adaptation and mitigation projects,” says the EBRD.


GEFF Georgia will support the expansion of green finance, says the bank. It also notes that donor funding will help ensure that women and men have equal opportunities in accessing finances and running their businesses.


EBRD says that possible investments include energy-efficient construction materials, double-glazed windows and doors, thermal insulation, lighting, construction, agricultural equipment and machinery, photovoltaic solar panels, geothermal heat pumps and water-efficient irrigation systems.


The banknotes that Georgian businesses can identify typical green technologies that are available in Georgia by using the GEFF Technology Selector.


The program is co-financed by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance.




source: AGENDA

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