CLIM@ COMPETITION CLOSES WITH EXCEPTIONAL NUMBER OF ENTRIES
Finalists will be invited to pitch at the Green for Growth Fund’s Sustainable Future Forum in June
Frankfurt am Main, Germany, 27 April, 2018 - Applications for the clim@ competition are now officially closed and the turnout was impressive: more than 250 inspirational applications from 80 countries were submitted. clim@ is a competition for innovative businesses or projects that have the power to change current practices and demonstrate strong positive climate impact.
The wide variety of entries demonstrates the enormous potential for innovation within organisations, businesses and start-ups in the fields of sustainable energy or resource efficiency. The clim@ team would like to thank all partners and supporters who helped in promoting the competition.
What happens next?
Entries are already being reviewed and applicants will be informed in the coming weeks if their entry has been selected as one of 15 contenders to attend the clim@ pitching event in Frankfurt on the 25th June 2018. Three finalists will then present at the GGF Sustainable Future Forum in Frankfurt on the 27th June, an event that will bring together thought-leaders, agents of positive change, and other like-minded initiatives that are driving the green transformation.
clim@ is organized by Finance in Motion GmbH on behalf of the Green for Growth Fund and sponsored by the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ).
For more information visit www.ggf-climat.com or contact email@example.com
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 Middle 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 Development Bank and the European Investment Bank, with financial support from the European Commission, 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 Motion GmbH. MACS Management & Consulting Services GmbH, Frankfurt am Main acts as the technical advisor.
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 financial 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 emission 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
Tel: +49 (0)69 271 035-171