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Finance and Technology Transfer Centre for Climate Change (FINTECC)

The FINTECC programme helps companies in participating European Bank for Reconstruction and Development (EBRD) countries implement ‘climate technologies’. This includes technology for energy efficiency, renewable energy, water efficiency and materials efficiency. Climate technologies reduce greenhouse gas emissions, and/or lead to increased climate resilience. Finance and Technology Centre for Climate Change (FINTECC) offers incentive grants for introducing eligible technologies, which are available as a complement to EBRD financing. The program also organizes technical support, provided by the EBRD and international consultants. To assist climate technology transfer within each region, FINTECC offers support to participating governments, by helping them to improve policy environments and legislative frameworks, further enabling organisations in their regions to adopt a wide range of climate technologies.

Support provider

European Union and the Global Environment Facility

Purpose of support

Project and program implementation

Eligible countries and regions

Companies in participating EBRD countries of operations to implement innovative climate technologies.

Participating countries include: Eqypt, Jordan, Morocco, Tunisia, Armenia, Azerbaijan, Belarus, Georgia, Kyrgyz Republic, Moldova, Mongolia, Tajikistan, Turkmenistan, Uzbekistan, Kazakhstan, and Ukraine.

Eligibility criteria

Project’s eligibility is determined on a case-by-case basis, eligible climate technologies are always those with low market penetration and good replicability potential.

Examples of eligible climate technologies include: Greywater recycling and rainwater harvesting; Applications of cogeneration and trigeneration systems; Advanced heat recovery systems in industrial applications; and LED lighting and advanced energy management systems.

Financial instruments

Grants, In-kind contributions

Co-financing requirements (if applicable)

Grant support to cover technology costs varies across countries, and it is usually determined as a percentage of the total cost of the technology.

Average time for accessing the source

The grants are disbursed ex-post upon the completion by the client of the investment in the agreed upon technology. The time for accessing the source depends on the investment client investment plan. One the investment is realized, the client can apply to the disbursement of the funds in line with the EBRD process.

Decision-making information

FINTECC is funded by the EBRD and the Global Environment Facility (GEF).

The GEF provides grants for climate technology projects, acting as a partnership between countries, international institutions, non-governmental organisations and the private sector.
The EBRD, as one of the Facility’s implementing agencies, receives project-specific technical assistance, project preparation grants and grant co-financing. These are applied in two key areas, namely water and climate change mitigation and adaptation.

Monitoring and reporting procedures

The clients are required to report on pre-determined metrics/KPIs one
year after the integration of the technology. The reporting KPI and benchmarks
are agreed up at the signing of the project.

Information on how to...

Understand steps to access

Create enabling environments for climate technology projects

Climate objective

Mitigation

Sectors and themes

Education, Energy efficiency, Forestry and Land-Use, Industry and Infrastructure, Renewable Energy, Transport, Cities, Waste Management, Oceans and Coasts, Disaster risk reduction, Water

Type of recipient

Private sector

Co-financing required

Yes

Trustee or administrator

European Bank for Reconstruction and Development (EBRD)

Contact information

http://fintecc.ebrd.com/

ETCs and SEMED: FINTECC_ETC-SEMED@ebrd.com

Kazakhstan: FINTECC_KAZ@ebrd.com

Ukraine: FINTECC_UKR@ebrd.com

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Finance and Technology Transfer Centre for Climate Change (FINTECC)

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