Environment in emerging and transition economies

Green Finance Mobilisation in Georgia

 

 Georgia_Tbilisi

Tbilisi Worshop

June 22-23, 2017

 

Jointly organised by the OECD and the Georgian Ministry of Environment, this workshop on green finance mobilisation in Georgia aimed to discuss action needed to scale up finance for the country’s green growth and review sources of capital and financial instruments which are currently and potentially available to finance implementation of its climate and green growth targets.

 

It also intended to further engage private sector actors (both financial and non-financial institutions) in the discussion on green finance mobilisation in the country, and a report on green finance mobilisation in Georgia will be published at the end of 2017. The meeting, and the report, are part of the GREEN Action Task Force project on mobilising green finance in the EECCA region, funded by Germany.

Participants represented: several Georgian ministries (including Environment and Natural Resources Protection, Economy and Sustainable Development, Energy and Education); other governmental agencies (Georgian Energy Development Fund, Municipal Development Fund, the Partnership Fund, Enterprise Georgia); the Tbilisi City Hall; the National Bank of Georgia (the central bank); Georgian commercial banks; microfinance institutions; non-financial sector Georgian corporations; development co-operation partners (ADB, EBRD, EIB, German Embassy to Georgia, GIZ, KfW, UNDP, UNIDO); and civil society organisations. Video-link presentations were made by the Green Climate Fund (GCF) Secretariat, the International Association of Public Transport (UITP) and the International Transport Forum (ITF).

 

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