The European Bank for Reconstruction and Development (EBRD) is increasing its focus on green investments in Georgia, despite financial barriers limiting private sector adoption of sustainable technologies. Speaking at Georgia’s First Green Summit, the EBRD’s Regional Leader for Climate Strategy, Konstantine Kintsurashvili, highlighted the challenges and opportunities businesses face in transitioning to cleaner energy solutions.
While interest in green technologies is growing, many companies struggle with high upfront costs and limited financing options. However, momentum is building, with 56% of the EBRD’s private sector investments in Georgia in 2024 directed toward green projects—a record year for the institution. In total, the EBRD invested EUR 350 million in the country, with 87% going to private enterprises.
Supporting this transition is the GEFF in Georgia, an EBRD-backed initiative providing financial solutions for businesses and households investing in energy-efficient and renewable energy projects. GEFF has helped bridge the financing gap, enabling companies to implement cost-saving, sustainable solutions that enhance long-term resilience and competitiveness.
Despite economic uncertainties, the EBRD remains committed to supporting Georgia’s private sector, ensuring continued access to financing for sustainable projects while advancing the country’s green economy goals.
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