Current Projects
Country: Bulgaria
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The project’s primary goal is to carry out in-depth surveys of HCFC consumption and, where applicable, production in Article 2 countries with economies in transition (CEITs) in Europe and Central Asia (specifically Azerbaijan, Belarus, Bulgaria, Kazakhstan, the Russian Federation, Tajikistan, Uzbekistan and the Ukraine), and identify needs for further activities to assist these countries to remain in compliance with their Montreal Protocol obligations.
This project is designed to establish a dedicated financial facility for energy efficiency and renewable energy in Eastern Europe and CIS that can serve as a vehicle for the large-scale participation of private sector investors in partnership with public entities. The proposal is to support the development of a US$ 250 million public-private equity Fund that will be able to complement other funding schemes (including those implemented or contemplated by the GEF and/or other supporting institutions) and, as a result, leverage an investment volume of upt to US$ 2 billion for energy efficiency and renewable energy projects.
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The Global Environment Facility (GEF) is a multilateral fund dedicated to confronting biodiversity loss, climate change, pollution, and strains on land and ocean health. Over the past three decades, the GEF has provided more than $22 billion in financing and mobilized another $120 billion for more than 5,000 national and regional projects.