Green for Growth Fund

The Green for Growth Fund (GGF) is an impact investment fund that mitigates climate change and promotes sustainable economic growth by investing in measures that reduce energy consumption, resource use and CO2 emissions.

The fund, a blended finance structure, is a public-private partnership that leverages risk-capital provided by public institutions with additional private capital to substantially increase investment volumes to regions and sectors that do not normally attract such flows, and is an early and successful example of blended finance in action. The fund channels this dedicated financing to businesses and households through local financial institutions, and through direct investments to eligible projects and companies.

The Green for Growth Fund is a special financial instrument of the European Union, in particular for the European Neighborhood Policy of the European Commission, which aims to improve energy efficiency and renewable energy sources in the partner countries by providing funding to financial institutions. The fund provides funding to Georgia, Armenia, Azerbaijan, Moldova and Ukraine.