In Uzbekistan, the pilot Green Economy Financing Facility (GEFF) provides finance, advice and grant incentives for private sector businesses to improve their competitiveness, through high performance technologies and practices.
Green Economy means: and economy that minimizes the use of energy and water in production and consumption activities and thereby minimizes the negative impact on environment and climate.
The GEFF facility supports this transition process by providing finance for investments in ‘Green Technologies’, i.e.:
• Technologies that minimize the use of energy
• Technologies that generate energy from renewable resources
• Technologies that safeguard water resources
Under the GEFF agreement the EBRD is providing a loan, to participating local financial institutions (PFIs), for on-lending to private borrowers. The funds will be used for climate change mitigation and adaptation investments, in line with EBRD’s Green Economy Transition approach, a comprehensive strategy to reduce greenhouse gas emissions and improve energy efficiency.
GEFF in Uzbekistan will be supported by a team of specialized consultants, including engineering, environmental, financial and marketing experts, which will offer PFIs and their clients direct support and advice throughout the green project life cycle using best-in-class technologies. The technical assistance package is free of charge for clients.
The technical support is provided by a local GEFF team, assisting companies through the various stages of project origination, investment appraisal and project implementation. This helps identify the best solutions and ensure quality green economy projects are successfully financed.
If you have any questions, please do not hesitate to contact the GEFF Help Desk.