Hereby we present you the latest regional news and articles that will be help you to follow the recent developments in green finance.
EBRD and EU to further support coronavirus response and recovery in EU Neighbourhood
The EU and the EBRD will support green, low-carbon, climate-resilient economies in the Southern and Eastern Mediterranean, Eastern Europe and South Caucasus regions. The support will also address Covid-19 recovery through green investments. Learn more...
The role of green bond markets in the capital markets within Eastern Partnership region
New project will identify what EaP governments could do to effectively introduce and encourage the expansion of green bond markets as a way to leverage traditional banking finance for green projects in these countries. Learn more...
Ukraine introduces the Green Bonds Market
The "green" bonds were introduced into circulation in Ukraine as a separate class of securities and the rules of the game are established for participants in this market after the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine Concerning the Simplification of Attraction of Investments and the Introduction of New Financial Instruments" No. 738-IX dated 19 June 2020 (the "Law") came into force. Learn more...
The National Bank of Ukraine has simplified the restructuring of the loans to RES producers by the banks
According to Resolution No. 118 of the Management Board of the National Bank of Ukraine, dated 18 August 2020 "On specifics of fulfillment of the requirements of certain resolutions of the National Bank of Ukraine in relation to assessment of credit risk", the NBU has reduced the number of indicators, based on which the bank must declare the occurrence of an event of default under the loans provided to RES producers. Learn more...
Ukreximbank and NEFCO launch a new facility to finance green projects
The state-owned JSC Ukreximbank and NEFCO have signed a loan agreement, of EUR 10 million facility, which will finance small and medium-sized projects of Ukrainian enterprises related to renewable energy and energy efficiency over a period of five years. Learn more...
Strengthening forest resilience Armenia, enhancing adaptation and rural green growth in Armenia
The project will target on the adaptation and mitigation measures in Lori and Syunik, considering the forest-energy connection. The project will focus on an increase in the use of energy-efficient appliances in the private sector and rural area. Learn more...
GGF and TBC Leasing broaden the access to local currency funds to improve energy efficiency measures in Georgia
The loan of USD 5 million equivalent in Georgian lari provided by the Green for Growth Fund (GGF) to the TBC Leasing is to encourage energy efficiency measures among small and medium enterprises. The new financing from GGF will be used to contribute to a greener economic recovery of the country. The energy savings received from the investments are estimated at 13,380 MWh/a, reducing the emission of 2,863 tons of CO2. Learn more...
First green bonds listing placed on the Astana International Exchange
Damu Fund has listed the first green bonds on Astana International Exchange in the amount of KZT 200 million with a maturity of 36 months; the coupon rate is 11.75%. Learn more...
EBRD, GCF and CIFs US$ 42.6 million for solar plant in Kazakhstan
The new solar plant in Kazakhstan's Karaganda region will help the country to meet national emission reduction targets, as well as the EBRD’s Green Economy Transition strategy - Kazakhstan's annual CO2 emissions will be reduced by more than 80,000 tonnes. The European Bank for Reconstruction and Development, Green Climate Fund and Clean Investment Fund will provide US$ 42.6 million for the construction of the solar plant. Learn more...
EBRD launches a US$ 30 million energy efficiency programme in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has launched a US$ 30 million Green Economy Financing Facility (GEFF) in Kazakhstan to support gender inclusive green finance for thousands of households and domestic small and medium-sized enterprises (SMEs), across the country, including small villages and remote rural areas, will benefit from loans of around US$ 1,500 for invest in climate adaptation technologies and services. These may include solutions such as thermal insulation, photovoltaic solar panels, geothermal heat pumps and water-efficient irrigation systems. Learn more...
EBRD supports Uzbek small businesses to soften the impact of coronavirus
Uzbek small and medium-sized domestic companies will receive two tranches of US$ 20 million and US$30 million to mitigate the effects of the coronavirus pandemic. Learn more...
Uzbekistan opens RfQ for 100-MW wind project in Karakalpakstan
The 100-MW wind farm will be installed at a site in the autonomous republic of Karakalpakstan, in the northwestern part of #Uzbekistan. Learn more...
“Green Financing in Local Currency - because it matters!”
The Green for Growth Fund, advised by Finance in Motion, has officially launched its Power of Local Currency campaign to improve access to green finance for individuals & businesses in the European Neighbourhood East.
Green Climate Fund approved project_High Impact Programme for the Corporate Sector
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