|Project Name||Europe and Central Asia Resource Efficiency Program|
|Project Opening Date||2013|
|Project Closing Date||Present|
|Responsible International Financial Institution||International Finance Corporation|
To increase energy efficiency in industrial sectors and reduce GHG emissions via collaboration with the financial sector.
The program aims to create a platform to support financial institutions (FIs) in the development and marketing of energy efficiency (EE) lending products to small and medium enterprises (SMEs), and to the corporate and residential sectors, to build awareness and market demand for EE finance.
The program is being implemented in the Balkans, Eastern Europe, Turkey, the Caucasus, and Central Asia.
The program seeks to overcome these barriers by working with catalyst FI clients to demonstrate product effectiveness and build market readiness. IFC provides a wide range of advisory services to partner financial institutions, including:
To encourage market demand for EE financial products, the program has launched a public awareness campaign to educate banks, policy makers, and end-users via media engagement, public events, study tours, and more.
The program also works to strengthen capacity of the local supply chain through engaging and educating key stakeholder groups, such as energy auditors, energy service companies (ESCOs), and EE technology suppliers.
IFC complements these advisory services with investments, providing select financial institutions with dedicated long-term energy efficiency credit lines to promote loan generation.
|Source of Funding||
|Amount of Funding||N/A|
Increased energy efficiency in industrial sectors
|Contact Information of International Financial Institution|
|Organization/Department||International Finance Corporation|
|Address||Business Center Orion, 4th floor, 21 Erkindik Boulevard|
|Phone||+996 (312) 626 162|