Project Description
The Green for Growth Fund is an impact investment fund that mitigates climate change and promotes sustainable economic growth, primarily by investing in measures that reduce energy consumption, resource use and CO2 emissions. The fund does so by channeling dedicated financing to businesses and households through local financial institutions, and by directly financing eligible projects. The GGF operates in 19 markets across Southeast Europe, including Turkey, the European Eastern Neighborhood Region, and the Middle East and North Africa.
About Finance in Motion
Finance in Motion (FiM) is one of the world’s leading impact asset managers. Focusing exclusively on development finance, they have mobilized over EUR 4.8 billion for positive change in low and middle-income countries over the course of their operations.
Source: Finance in Motion Fact Sheet 2018
Finance in Motion focuses exclusively on sustainable development finance. They develop and advise funds including European Fund for Southeast Europe, Green for Growth Fund (GGF) Southeast Europe SANAD Fund for MSME eco.business Fund Arbaro Fund, whose purpose is to generate positive social and environmental impact alongside a financial return. Read in-depth about Finance in Motion’s social and environmental impact at “Investing in People and Planet.”
We are proudly providing a range of services to support the Green for Growth Fund (GGF) fund for Finance In Motion. The GGF is an impact investment fund that mitigates climate change and promotes sustainable economic growth, primarily by investing in measures that reduce energy consumption, resource use and CO2 emissions.
The fund does so by channeling dedicated financing to businesses and households through local financial institutions, and by directly financing eligible projects. The GGF operates in 19 markets across Southeast Europe, including Turkey, the European Eastern Neighborhood Region, and the Middle East and North Africa.
The GGF was initiated in 2009 by the European Investment Bank and KfW Development Bank, with support from the European Commission and the European Bank for Reconstruction and Development (EBRD). Finance in Motion has served as fund advisor since inception of the fund.
Our services include energy assessments against eligibility criteria, remote support for using GGF tools, conducting onsite & online training’s, portfolio screening for FI’s, providing market insights to the fund and support the ESMS procedure of renewable energy projects for financial institutions including banks and leasing companies.