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A new energy-efficient chest freezer for a small butchery business in the city of Shymkent

Mr. Olimjan Kurbanshikov lives in the city of Shymkent, and sells meat on the market. He has heard about the Green Economy Financing Facility Program GEFF from his credit expert, and became very interested, as he needed a new chest freezer. As a result, the man purchased a Dauscher freezer.

“I am really satisfied with the terms of the GEFF green finance loan, and have already received compensation in the amount of 10% of the equipment’s cost”, – said Olimjan. According to him, he had been planning this purchase for a long time, but never got around to it.

To receive the compensation under the GEFF (Green Economy Financing Facility) in Kazakhstan, it is necessary to:

The Green Technology Selector is an electronic catalogue of Kazakh and foreign technologies.

10% or 15% of the loan or investment in the energy efficient modernization can be compensated after successful verification. The compensation is calculated from the lower amount. The compensations are paid on a monthly basis, following applications which were successfully verified and confirmed in the previous month.

The compensation funds were provided by the Global Environment Facility (GEF). In addition, the Austrian Federal Ministry of Finance is funding the technical assistance services and the compilation of the Green Technology Selector through the GEFF.

The GEFF program is a part of the Green Economy Transition (GET) approach proposed by the EBRD. The EBRD has unveiled an ambitious plan to scale up even further its climate and environmental finance and to increase green financing to more than 50 per cent of its annual investment volume by 2025, with a special emphasis on the gender issues.

The GEFF program is working through a network of more than 155 financial institutions in 27 countries of the EBRD operation. The total amount of the EBRD investments under the GEFF Program has reached € 5 billion, benefiting 202,000 clients. The implemented projects led to reduction of CO2 emissions at the level of 9 million tons annually. The EBRD has implemented 276 projects and invested almost 8.6 billion EUR into the economy of the Republic of Kazakhstan.