GGF provides EUR 25 million in green finance to DenizBank in Turkey
A senior loan of EUR 25 million to the new partner in Turkey will increase the uptake of renewable energy, energy efficiency and resource efficiency measures, GGF said. The deal with DenizBank is seen resulting in annual primary energy savings of 58.4 GWh and a CO2 emission reduction of 13,000 tons. The Green for Growth […]
GGF, Yapı Kredi Leasing support renewables in Turkey with loan package of EUR 20 million
The Green for Growth Fund – GGF invested in Turkey’s Yapı Kredi Leasing for the fourth time. The senior loan of EUR 20 million is primarily intended for rooftop solar installations at industrial facilities. The Green for Growth Fund (GGF) said it provided a senior loan of EUR 20 million to Yapı Kredi Leasing, based […]
GGF celebrates 10 years of green impact with renewables portfolio of over 1 GW
The Green for Growth Fund has so far supported the development of over 1 GW in renewable energy capacity. Southeastern Europe accounts for two thirds of the portfolio that GGF built until its tenth anniversary at the end of 2019, matched by the share of primary energy savings. The Green for Growth Fund said it […]
GGF celebrates ten-year anniversary, EUR 1 billion in climate finance
The Green for Growth Fund said it has marked ten years since establishment. The ceremony in Frankfurt was hosted by its advisor Finance in Motion, GGF added. It also pointed out its green finance portfolio reached EUR 1 billion. The number of clients in Southeast Europe, the Caucasus, the Middle East, and North Africa surpassed […]
Serbia shelves plan to introduce ecotax for households
The Government of Serbia has tweaked an executive order about the determination of activities impacting the environment just days after issuing it. It changed several details, but the most important decision was that it scrapped the provisions for an ecotax to be rolled out effectively on households. With the amendments to the decree, the cabinet […]
Serbia rolls out ecotax – firms to pay up to EUR 17,000 per year
The Government of Serbia adopted a directive dividing the corporate sector into three categories according to environmental impact and imposed ecological taxation. Firms are in four groups with regard to size. Persons taxable with property tax were also included at the bottom, with a levy of RSD 1,200 (EUR 10.2) per annum. The ecotax was […]
Multilateral development banks announce joint framework at COP24 to combat climate change
Multilateral Development Banks (MDBs) have announced a joint framework at COP24 for aligning their activities with the goals of the Paris Agreement, reinforcing their commitment to combat climate change, according to a joint press release. In a joint declaration, issued at the start of the 24th Session of the Conference of the Parties to the United […]
GCF climate project to support EUR 100 million worth investments in Serbia
Green Climate Fund (GCF) – European Bank for Reconstruction and Development (EBRD) programme is expected to support around USD 100 million worth of investment opportunities in high-performance energy efficiency and renewable energy technologies in Serbia, the Bank told the Balkan Green Energy News portal. The EBRD and GCF co-financed USD 1.4 billion worth programme to […]
