The Green for Growth Fund (GGF) is an impact investment fund established in 2009 to address climate change and promote sustainable economic growth. Operating across 19 markets in Southeast Europe, Turkey, the European Eastern Neighbourhood Region, and the Middle East and North Africa, the GGF utilizes a blended finance structure, combining public and private capital to increase investment volumes in regions and sectors with limited flows. Through investments in measures that reduce energy consumption, resource use, and CO2 emissions, the fund aims for at least a 20% reduction in energy consumption and/or CO2 emissions while also addressing water, waste, and material inputs. With a dedicated Technical Assistance Facility, the GGF provides expertise to ensure successful implementation and raise awareness about energy efficiency and renewable energy, thereby fostering green finance in the market.
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