EBRD allocates $54 million to develop energy efficiency in Georgia
The programme is co-financed by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance. Photo: Nino Alavidze/Agenda.ge.
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The European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility (GEFF) programme 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 bank notes that Georgian businesses can identify typical green technologies which are available in Georgia by using the GEFF Technology Selector.
The programme is co-financed by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance.
The European Bank for Reconstruction and Development (EBRD) will allocate €80 million to help Georgia purchase compressed natural gas (CNG) buses for Tbilisi, of which €65 million will be used for purchasing buses and €15 million for building a bus depot.
Georgian Prime Minister Giorgi Gakharia has met with the First Vice President of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink and noted the key role of the EBRD in the development of Georgia.
The European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti said Georgia is developing in the right direction at today’s meeting with Georgian Prime Minister Mamuka Bakhtadze in Tbilisi.
The European Bank for Reconstruction and Development (EBRD) increasingly trusts the government of Georgia and its economic policy, says new Managing Director for Eastern Europe and the Caucasus Matteo Patrone.
The European Bank for Reconstruction and Development (EBRD) has allocated $500,000 in a grant that will be fully used to develop a waste management strategy in the Georgian capital Tbilisi.
The first vice-president of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink praised Georgia’s recent progress and the country’s economic growth at today’s meeting with the Prime Minister of Georgia Giorgi Gakharia, announces the Government of Georgia.
The Georgian parliament has adopted legislation on energy efficiency and energy efficient construction, bringing the country closer to EU standards. The legislation aims to reduce emissions and pollution, improve the energy efficiency of buildings, as well as to decrease energy imports and bolster the country’s energy security.
A Georgian project of biomass energy and energy efficient technologies took the third place in the European Union Sustainable Energy Award for the Eastern Partnership. The project envisages full retrofitting of two municipal kindergartens with modern energy efficiency technologies using renewable energy in the country's eastern region of Kakheti.
Batumi has become the first city in the South Caucasus where non-polluting, fully electric buses have been added to the transport fleet thanks to EU financial aid.
The European Bank for Reconstruction and Development will assign a $16 million loan, backed by the European Union and Sweden, to Georgia’s Credo Bank to support local micro, small and medium-sized companies and women-led firms in the country, the Bank announced on Tuesday.