GGF launches second clim@ competition promoting innovative solutions to protect the climate

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clim@ is back for the second time to unleash innovative ideas that have the power to fight climate change and protect our environment. Applications are officially open on www.ggf-climat.com and clim@ invites businesses and experienced start-ups from around the world to submit their entries.  

The competition welcomes a wide range of applications under the following themes: renewable energy, energy efficiency/ conservation, circular economy solutions, and resource efficiency (waste and water management). Applications close mid-February 2020 with finalists announced by March. Five successful entrants will pitch their business ideas at the Sustainable Future Forum on 03 June, a platform bringing together climate finance champions including stakeholders of the Green for Growth Fund. 

Karim ould Chih, Chairman of the eco.business Development Facility said: “We are proud to be co-sponsoring an event that is very well recognized in the region and promotes the importance of sustainability and responsible finance.  Being part of an event of this caliber highlights the commitment of the eco.business Fund to contribute to the Sustainable Development Goals, as sustainable banking is essential to achieving these global goals.”

clim@ 2018 was a great success with almost 300 entries from 80 countries worldwide received. Winning ideas tackled recycling livestock waste into fibers, paper, and bioplastics; making sustainable packaging from mushrooms; and rethinking last-mile urban electromobility.

GGF Chairman, Olaf Zymelka, said: “The success of last year’s clim@ competition shows the need for more platforms to launch innovative businesses or concepts that can transform the way we mitigate and adapt to climate change. GGF is proud to sponsor a competition like this, as it not only complements the work we are doing, it paves the way towards a more sustainable future.” 

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 and sponsored by the European Commission under the EU4Energy initiative and the German Federal Ministry for Economic Cooperation and Development (BMZ).  


About the Green for Growth Fund (GGF)

The GGF helps reduce the use of energy and resources and prevent CO2 emissions. It pursues this goal by providing dedicated financing to businesses and households across 19 markets in the Southeast Europe Region including Turkey, the European Neighborhood Region-East, and the Middle East and North Africa. By using a blended finance structure and working through local partner institutions, the GGF is able to raise awareness and implement green finance activities. The fund combines its financial offering with tailored technical assistance that helps build capacity and which brings energy efficiency measures, renewable energy, and improved resource management toward the mainstream. In addition, by managing the environmental and social (E&S) risks associated with its investments, the fund sets standards for its partners and supports them to enhance their own E&S management systems, as required. 

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, and the German ethical bank GLS. The GGF is advised by Finance in Motion GmbH. MACS Management & Consulting Services GmbH, Frankfurt am Main acts as the technical advisor. 

For more information please visit www.ggf.lu and follow us on Twitter @GreenGrowthFund

About the GGF Technical Assistance Facility (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.


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