The Green Transition Investment Program (GTIP) is a 3-year initiative by the Global Green Growth Institute (GGGI) funded by the Ministry for Foreign Affairs of Finland (MFA) to accelerate the green transition in ASEAN countries by mobilizing investments and creating green jobs. The program targets Indonesia, the Philippines, and Viet Nam, focusing on integrating Technical Vocational Education and Training (TVET) into green investments in sectors such as circular economy start-ups and MSMEs (micro, small, and medium enterprises), downstream waste management, and sustainable forest management. Key partners include line ministries, the private sector, commercial banks, fund managers, development finance institutions, green technology vendors, NGOs, professional associations, universities, and local communities.

Additionally, the Green Transition Lab is a program feature that facilitates green technology transfer and enables the effective matching of circular economy and sustainable forest technologies from Finland and other countries with the specific demands of private sector project developers in the ASEAN. In addition, it also facilitates promoting solutions on green TVET for the local project developers to improve their capacity.

Green Economy Transition Acceleration
The GTIP aims to speed up countries’ shift towards a green economy, focusing on circular economy start-ups and MSMEs, downstream waste management infrastructure, and sustainable forest management investments.

Green Employment Generation
The project aims to create significant green job opportunities as part of the COVID-19 pandemic recovery through targeted green vocational training components.

MSME Energy Efficiency
The project anticipates industrial energy efficiency to be a major growth area among circular economy start-ups and MSMEs.

Indonesia, the Philippines, and Viet Nam are committed to green transitions but face challenges in capacity, technology, and financing within their respective focus areas. Each country prioritizes circular economy start-ups and MSMEs, with additional emphasis on sustainable forest management in Indonesia and Viet Nam, and downstream waste management in the Philippines.

Indonesia struggles with technology and capacity for forest management, developing multi-business plans, and transitioning timber companies to those utilizing non-timber forest products and payment for ecosystem services.

The Philippines needs technological solutions for plastic and electronic waste management and lacks incubators and accelerators for green start-ups and MSMEs, especially for women entrepreneurs.

Viet Nam faces challenges in measuring, reporting, and verifying (MRV) for forestry, green human capital, and complex green technology. All three countries require blended finance solutions to support viable green projects and businesses, highlighting the need for debt or equity financing to bridge the existing gaps.

Green Transition Acceleration Project aims to speed up green transition training and investments in beneficiary countries, resulting in reduced greenhouse gas (GHG) emissions and creation of green jobs.

This achievement relies on two main pillars: improved livelihoods through green vocational training and strengthened inclusive green vocational training policies combined with the mobilization of green investments in selected sectors.

Through these efforts, the project aims to reduce 1.5 million tons of GHG emissions by creating 250 green jobs and mobilizing EUR 100 million.