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27 August 12:00 AM

EBRD launches shopping-style web tool for climate technologies

The EBRD has launched the Technology Catalogue, an online shopping-style platform that lists best-in-class technologies from manufacturers around the world. The catalogue serves as a basis for ‘Technology Selectors’, which are country-specific directories of vendors that offer these high-performing technologies to businesses and homeowners.

The Technology Selectors will be one of the key mechanisms for delivering climate finance under the EBRD’s Green Economy Facilities (GEFFs), supported by international donors and partners including the Green Climate Fund (GCF) which is providing $ 378 million in co-financing and implementation support for rolling out GEFFs in 10 countries, including Armenia, Egypt, Georgia, Jordan, Moldova, Mongolia, Morocco, Serbia, Tajikistan and Tunisia.

The Technology Catalogue is a global directory of high-performing technologies offered by manufacturers across all countries. The technologies include energy efficiency and renewable energy technologies ranging from solar panels and biomass boilers to thermal insulation and process technologies. New technologies may be registered at any time. Filtering by country shows the technologies that meet the minimum performance criteria for that country but not all these technologies may be available through local vendors – which is where the Technology Selectors can help.

The Technology Selectors show vendors that offer high-performing technologies in a specific country, all of which will be eligible for financing under the EBRD’s GEFF, provided by local partner banks, leasing companies and microfinance institutions.

Together, the Technology Catalogue and the Technology Selectors will encourage technology manufacturers and local vendors to make climate technologies more easily available on the ground and, if needed, also promote cross-border trade in EBRD countries through the Green Trade Finance Program.

The EBRD launched its new tool at a workshop on 24 May during the Innovate4climate conference held in Frankfurt. The workshop brought together various stakeholders including policymakers, banks and suppliers of climate technologies.

The Bank developed the Technology Catalogue under the GEFF program with the support of donor funding from the government of Austria. Under the GEFF program, the EBRD has provided over €4 billion of finance for businesses and households through a network of 130 local financial institutions across 24 countries since 2006. Additional funds and technical assistance was provided by international donors. Almost 129,000 investments under the programme have led to the avoidance of emissions equivalent to around 7 million tonnes of CO2 per year.

Green financing is one of the EBRD’s strategic goals. The Bank has been strengthening its efforts in this field, with a record €4.1 billion of investment under the EBRD's Green Economy Transition approach in 2017 alone, up from €2.8 billion just a year earlier. To date, the EBRD has invested about €25 billion in Green Economy Transition projects.

 

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