The European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility (GEFF) programme in Georgia to develop energy efficiency in the country.

 The facility supports small and medium-sized enterprises (SMEs), corporations and residential households by making loans available through local partner banks for energy efficiency, climate adaptation and mitigation projects,” says the EBRD.

GEFF Georgia will support the expansion of green finance, says the bank. It also notes that donor funding will help ensure that women and men have equal opportunities in accessing finances and running their businesses.

EBRD says that possible investments include energy-efficient construction materials, double-glazed windows and doors, thermal insulation, lighting, construction, agricultural equipment and machinery, photovoltaic solar panels, geothermal heat pumps and water-efficient irrigation systems.

The bank notes that Georgian businesses can identify typical green technologies which are available in Georgia by using the GEFF Technology Selector.

The programme is co-financed by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance.