More than 250 applications from 80 countries were submitted for the clim@ competition. The deadline for the proposals expired on April 15.
A new competition for innovative businesses or projects that have the power to change current practices and demonstrate strong positive climate impact is launched by the Green for Growth Fund (GGF) on February 15.
Entries are already being reviewed and applicants will be informed in the coming weeks if their entry has been selected as one of 15 contenders to attend the clim@ pitching event in Frankfurt on the June 25.
Three finalists will then present at the GGF Sustainable Future Forum in Frankfurt on the June 27, an event that will bring together 200 international leaders in the climate and sustainable finance communities that are driving the green transformation.
According to GGF’s statement, the wide variety of entries demonstrates the enormous potential for innovation within organisations, businesses and start-ups in the fields of sustainable energy or resource efficiency.
clim@ is looking for innovative approaches to financing, new business models or novel concepts to raise awareness and mobilize new target groups to take climate action.
Competition is organized by Finance in Motion GmbH on behalf of the GGF and sponsored by the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ).
The Green for Growth Fund provides funds for measures designed to cut energy consumption and CO2 emissions by a minimum of 20% in 19 markets across Southeast Europe, the Caucasus, Ukraine, Moldova, the Middle East and North Africa.