[GCF] Promoting risk mitigation instruments and finance for renewable energy and energy efficiency investments
Scaling up investments by Argentinian Small and Medium-sized Enterprises (SMEs) in renewable energy and energy efficiency.
The government of Argentina is increasing the share of renewable energy in the country's energy mix to 20 percent by 2025, and will reduce energy consumption by 5.9 percent by 2025. About 43 percent of Argentina's greenhouse gas emissions come from the energy sector. The country experiences market barriers in the financing of renewable energy and energy efficiency investments.
This project focuses on SMEs as they are large users of energy, thereby providing opportunities to promote investments in biogas, biomass and increasing energy efficiency. It will strengthen the capacities of financial institutions, SMEs and energy and technology providers. This will help SMEs identify and invest in renewable energy and energy efficiency. The project will focus on breaking down market barriers in these sectors.
The project has an estimated lifespan of 5 years.
