Overall Objective

The main activities of GGGI in Hungary are focusing on supporting low-carbon and climate resilient investments in South East and Eastern Europe with the development of regional financial vehicles and specific financial schemes to incentivize private sector investments.

Julie Godin

Lead, Strengthening Green Growth and Climate Funds

Resource Partner

Hungarian Government

Implementation Partner

Ministry of Innovation and Technology, Hungarian Government

Government Counterpart

Ministry of Innovation and Technology Hungarian Government


Countries of the Western Balkans have only marginally benefitted from climate finance to date in spite of the challenges and risks associated with climate change and environmental pollution. The region’s growth is showing high volatility to weather-related shocks. Since 1990, 100 disasters have affected more than 3.8 million people in the region and caused more than US$ 3.5 billion in direct damages. Local air pollution is a major concern mainly due to the large dependence on coal and reliance to inefficient heating systems. While financial resources are available in the region for climate-related investments, multiple challenges prevail and prevent the deployment of green technologies at scale.  GGGI partners with international and local actors to support the deployment of green investments in a complementary manner, focusing on integrated value-chain interventions and developing incentive schemes for private sector investments and bankable solutions.


News • July 7, 2020

GGGI Supporting Hungary to Achieve Climate Neutrality

Budapest, Hungary – In May 2020, GGGI signed an agreement with the Ministry for Innovation and Technology (MIT) to support the delivery of a refined National Clean Development Strategy (NCDS) by the end of the year. The NDCS or Long-Term low greenhouse gas emission development Strategy (LTS) will set the path toward climate neutrality at […]

News • November 19, 2019

Project launched for Low-carbon and Climate Resilient Development in Serbian Cities

Sombor, Serbia – November 19 2019 – The launch of the project “Supporting low-carbon and climate resilient development in Serbian Cities” project took place today in the city of Sombor, Republic of Serbia. The project will be implemented in Sombor in cooperation with the Global Green Growth Institute (GGGI) and financial support from the Government […]

News • October 15, 2019

GGGI and Hungary agree to set-up GGGI’s European Office in Hungarian capital

BUDAPEST – October 15, 2019  – The Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) with the Hungary’s Ministry of Innovation and Technology (MIT), to the establishment of the GGGI’s European Office. Under the agreement, MIT will host GGGI’s European Office in Budapest which will serve as liaison to member countries and […]

News • November 18, 2018

GGGI Budapest Office to Strengthen European Presence

November 18, Budapest, Hungary – An Agreement to host a Global Green Growth Institute (GGGI) Office in Budapest, Hungary was concluded on October 31, 2018 in Seoul, Republic of Korea. On October 31, GGGI convened the Seventh Session of its Assembly and Eleventh Session of its Council. The joint session was chaired by GGGI’s President […]


Project Reference Profiles – Hungary(HU1) Hungary- Balkan regional multi donor trust fund
Start Date Q1 Sep 1 2017
Funding Source
Actual Budget (USD) 14,067
Status Active
Thematic Area
  • Cross Cutting
Project Reference Profiles – Hungary(HU02) Hungary Bilateral Climate Financing scheme
Start Date Q1 Oct 1 2019
Funding Source
Actual Budget (USD) 32,315
Status Active
Thematic Area
  • Cross Cutting