The EBRD and its Green Economy Transition approach
The EBRD launched the Green Economy Transition (GET) approach in 2015 to put investments that bring environmental benefits at the heart of its mandate.
EBRD sustainable investments mitigate and build resilience to the effects of climate change and other forms of environmental degradation. Expanding its initial focus on energy efficiency and renewable energy projects, the EBRD has already moved into the areas of water and materials efficiency and climate adaptation.
The Green Innovation Vouchers Scheme
The Green Innovation Vouchers Scheme helps SMEs access R&D services in order to develop and improve products and technologies that will reduce environmental impact and enable a more efficient use of resources (energy, water and materials).
Eligible SMEs can apply for a Green Innovation Voucher to cover 90 per cent of the eligible R&D service costs, up to €20,000 (excl. VAT). SMEs are expected to provide co-financing of at least 10 per cent of the total R&D service costs from their own sources. The minimum value of eligible R&D services is €4,000 (excl. VAT).
Within the framework of the GIVS, green technologies are considered to be any technology that support Green Economy Transition and:
- reduces the use of fossil fuels and saves energy
- increases the use of renewable energy sources
- reduces the use of water or materials in production processes
- reduces emissions of NO2 or methane from agricultural processes
- facilitates resilience to climate change
- otherwise reduces greenhouse gas emissions