Supported by the European Commission under the EU4Energy Initiative, the Green for Growth Fund (GGF) has launched the ‘clim@’ competition for the second year running. The competition will recognise innovative ideas to help fight climate change and protect the environment.

Businesses and experienced start-ups from around the world are invited to embark on an exciting journey by taking part in the competition and submitting their entries. The competition is open to applicants with innovative ideas in the following areas: renewable energy, energy efficiency and conservation, circular economy solutions and resource efficiency (waste and water management). The application process is now officially open on www.ggf-climat.com.

Applications will close in mid-February 2020 and the finalists will be announced in March. Five successful entrants will then pitch their business ideas at the Sustainable Future Forum, an event organised by GGF for innovators and leading industry experts. The event is a great opportunity to discuss ways to actively shape the future of green finance and green growth, with a focus on energy and resource efficiency and renewable energy. The 2020 Sustainable Future Forum will take place on 3 June in Frankfurt, Germany.

GGF Chairman Olaf Zymelka said: “The success of last year’s clim@ competition shows the need for more platforms to launch innovative businesses or concepts that can transform the way we mitigate and adapt to climate change. GGF is proud to sponsor a competition like this, as it not only complements the work we are doing, it also paves the way towards a more sustainable future.”

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The Green for Growth Fund, part of the EU4Energy Initiative, invests in measures designed to cut energy use and CO2 emissions, and improve resource efficiency in 19 countries across southeast Europe, the Caucasus, Ukraine, the Republic of Moldova, the Middle East and North Africa. The fund provides financing directly to renewable energy projects, corporate organisations and municipalities, or indirectly via selected financial institutions. The GGF was initiated as a public–private partnership in December 2009 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 Development Bank of Austria (OeEB).

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Press release

EU4Energy: Green for Growth Fund