Inecobank and GEFF in Armenia held a joint online event for the PFI’s business clients titled “Green Investments” on 21 May.
In the course of the event, participants had a chance to receive first-hand information from the PFI’s representatives about the bank’s activities in the field of green financing. Through expert presentations, the attendees also received targeted information on the energy efficiency (EE), renewable energy (RE) and climate adaptation (CA) technologies available in the local market that can be applied to their particular sectors to achieve better results. At the end of the event, participants had a chance to ask direct questions to the speakers. They also received information on how to make use of the Green Technology Selector (GTS) and GEFF services in Armenia, in order to make informed investment decisions using the whole spectrum of potential high-performance technologies.
“Despite rising energy prices in the region, significant amounts of energy are being wasted due to outdated and inefficient equipment and a lack of monitoring and control devices. Such issues are better addressed if business community representatives are informed regarding high-performance technologies available and have access to targeted professional expertise and green finance. Awareness-raising bears critical importance for the promotion of green investments among business representatives”, says Vardan Khachatryan, GEFF Engineer and Technical Adviser in Armenia.
The EBRD recognises the significant need for investment in energy sustainability in its countries of operation and has developed a financing facility dedicated explicitly to medium and small-scale energy efficiency, renewable energy, and climate adaptation investment projects. By engaging local financial sector representatives, many of the barriers that prevent the identification and financing of sustainable energy investment opportunities can be overcome.
“Raising the awareness of green investments and technologies among our clients is not only a way to support them in current challenges, or show concern regarding their business results, but a manifestation of our commitment to building a better and more sustainable economy with joint efforts”, says Mariam Movsisyan, PR Manager at Inecobank.
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