EU and EBRD support green investments and energy efficiency in Eastern partner countries

Photo: European Union
Photo: European Union

The Eastern partner countries (Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine) will benefit from additional support to boost green investments and climate resilience.

Thanks to the EU’s financial support of over €15 million, the programme ‘Finance and technology transfer centre for climate change’ (FINTECC) will help businesses in the region invest in energy efficiency, cut their carbon footprint, introduce innovative green technologies, support the circular economy and improve legal frameworks for energy and resource efficiency investments. The programme is implemented by the European Bank for Reconstruction and Development (EBRD). Entrepreneurs can benefit from these funds by applying for investment grants, technical assistance and the climate innovation vouchers.

Olivér Várhelyi, European Commissioner for Neighbourhood and Enlargement, said:

“Our longstanding cooperation with the EBRD is extremely valuable, including in the domain of green finance where the bank has important experience. In the Eastern Partnership countries, our joint support will help to step up energy-efficient and renewable-energy investments in the private sector, thus helping to build sustainable economies.”

Find out more

Press release

EU4Energy programme