COMPETE FOR A SUSTAINABLE FUTURE: GREEN FOR GROWTH FUND LAUNCHES CLIM@

Frankfurt am Main, Germany, 15 February 2018:
Fostering energy conservation, renewable energy and resource efficiency is key to a sustainable future. clim@ is a new competition for innovative businesses or projects that have the power to change current practices and demonstrate strong positive climate impact.

The competition is now open globally for businesses, experienced start-ups, NGOs, research bodies or other relevant organisations, who are working to transfer and scale up market-ready concepts in the fields of sustainable energy and resource efficiency – including energy efficiency, CO2 emissions reductions, and improved water, waste and material management.

Call for applications now open
clim@ is looking for innovative approaches to financing, new business models or novel concepts to raise awareness and mobilize new target groups to take climate action. Applicants are competing to receive professional mentoring to develop their entry, a chance to pitch their idea to potential sponsors and investors, and a share of EUR 30,000 in prizes. Applications are open until 15 April 2018.

The competition
Fifteen outstanding applicants will be selected to present their projects at a pitching event in Frank-furt, as well as attend the Sustainable Future Forum, a gathering of 200 international leaders in the climate and sustainable finance communities, presented by the Green for Growth Fund (GGF). At the event, three grand finalists will pitch their projects. The winner will receive an award of EUR 15,000, followed by EUR 10,000 and EUR 5,000 for second and third place.

GGF Chairman Christopher Knowles commented: “There is a great need for innovative solutions in order to respond to today’s climate issues. With the clim@ competition we hope to identify the businesses and projects promoting sustainable energy and resource efficiency and support their efforts towards a sustainable future through mentoring, exposure to our partners and investors, and prize money.”

To enter the competition or for more information visit www.ggf-climat.com or contact info@ggf-climat.com

clim@ is organized by Finance in Motion GmbH on behalf of the GGF Technical Assistance Facility (TAF) and sponsored by the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ).  

To download the press release click here

ABOUT THE GGF
The Green for Growth Fund invests in measures designed to cut energy use and CO2 emissions by a minimum of 20% in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Mid-dle East and North Africa. The fund provides such financing directly to renewable energy projects, corporates and municipalities or indirectly via selected financial institutions The GGF’s Technical Assistance Facility maximizes the fund’s investment impact through support for capacity building at local financial institutions and partners.

The GGF was initiated as a public-private partnership in December 2009 by Germany’s KfW Devel-opment Bank and the European Investment Bank, with financial support from the European Com-mission, the German Federal Ministry for Economic Cooperation and Development, the European Bank for Reconstruction and Development, and the Austrian development bank OeEB. The fund’s growing investor base comprises donor agencies, international financial institutions and institutional private investors, including the International Finance Corporation, the Dutch development bank FMO, the German ethical bank GLS, and Church of Sweden. The GGF is advised by Finance in Mo-tion GmbH. MACS Management & Consulting Services GmbH, Frankfurt am Main acts as the tech-nical advisor. For more information see www.ggf.lu

ABOUT THE GGF TAF
The GGF Technical Assistance Facility (TAF) plays a key role in supporting the Fund’s promotion of energy efficiency (EE) and renewable energy (RE) by providing targeted technical assistance to fi-nancial institutions and project developers in conjunction with GGF funding. The facility operates hand in hand with the GGF, complementing its investments with the following activities: capacity building and training for GGF partners; validation and monitoring of energy savings and CO2 emis-sion reductions; strategic advice to the Fund’s managers based on research and analysis; increasing the awareness and acceptance of EE/RE solutions in the financial sector and among the public.

MEDIA CONTACT GGF
Merle Römer
Tel: +49 (0)69 271 035-171
email: press@ggf.lu

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