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Green for Growth Fund (GGF)
The Green for Growth Fund (GGF) is a public-private partnership providing financing and technical assistance for energy efficiency and renewable energy projects to SMEs (and households), primarily via local financial institutions. Its aim is to promote energy efficiency in the six Eastern Partnership (EaP) countries, including Georgia, thereby reducing CO2 emissions. GGF investments seek to achieve a 20% reduction in energy consumption and/or a 20% reduction in CO2 emissions, by:
1) Refinancing financial institutions providing loans to households, businesses, municipalities and public sector for energy efficiency measures or renewable energy projects,
2) Providing direct financing to non-financial institutions that meet GGF energy saving and/or emissions targets, and comply with the technical criteria and GGF exclusion list.