GGF opens clim@ competition for innovations in climate change mitigation

SFF GGF clim@ Frankfurt event 2018



December 17, 2019







December 17, 2019






Businesses or projects that can make a positive difference to the future of environment have through February 16 to apply for clim@ 2020 and compete for a share of EUR 30,000 earmarked for the three grand finalists, the Green for Growth Fund said. The competition will take place on June 2 at the GGF Sustainable Future Forum in Frankfurt and the organizers promised a high-profile audience of hundreds of international investors, financial institutions, advisors and specialists.

Ideas that have the power to mitigate the effects of climate change are eligible for the clim@ contest, according to the propositions. They include resource efficiency, the announcement adds, together with the invitation to businesses and experienced startups on a global scale which have market-ready solutions and are convinced that they can overhaul the conventional methods.

Ideal candidates have a relevant track record, a so-called minimum viable product and initial clients

The propositions should demonstrate a strong positive climate impact, like in the first round. It was held last year, when nearly three hundred applications were received from 80 countries and 15 selected participants attended the GGF SFF event. In 2020, after the pitch by five entrants, the winners will be announced on June 3. Ideal candidates have a relevant track record, a so-called minimum viable product and initial clients, the organization stressed.

The list of finalists is scheduled to be revealed in March, after which they will get professional mentorship, GGF said. Other main themes are renewables, energy efficiency and circular economy. Resource efficiency is centered on waste and water management.

Main themes are renewables, energy efficiency, circular economy and resource efficiency, namely waste and water management

Last time, the most prominent ideas were for recycling livestock waste into fibers, paper, and bioplastics, sustainable packaging from mushrooms and rethinking last-mile urban electromobility. The competition is promoted with tags @ggf_climat and #GGFclimat.

Finance in Motion has launched clim@ on behalf of the GGF Technical Assistance Facility. It is sponsored by the European Commission under the EU4Energy initiative and the German Federal Ministry for Economic Cooperation and Development (BMZ).

GGF provides financing to businesses and households in 19 markets in Southeastern and Eastern Europe, the Middle East and North Africa. It was established ten years ago as a public-private partnership 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). It was later joined by donors, other international financial institutions and institutional private investors, including the International Finance Corporation, Dutch development bank FMO and German ethical bank GLS.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Slovenia adopts action plan to halve energy poverty

Slovenia adopts action plan to halve energy poverty

01 December 2023 - According to Eurostat, more than 41 million people in Europe were unable to adequately heat their homes in 2021.

vulcan lithium Landau Zero Carbon Lithium Project

Vulcan opens Europe’s first fully domestic lithium production plant in Germany

30 November 2023 - Lithium extraction from salt water has a much lower environmental impact than projects at salt deserts and mines


Croatia’s HEP starts up new unit at cogeneration plant in Zagreb

30 November 2023 - The new unit is HEP's largest investment in new generation facilities in the last ten years, and it will replace outdated units

can europe necp western balkans report missed targets

CAN Europe: BiH, Kosovo* and Serbia’s NECPs lack climate ambition, coal phaseout dates

28 November 2023 - Bosnia and Herzegovina, Kosovo*, and Serbia sent draft NECPs to the Energy Community Secretariat for review in late June and July