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.
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
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
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
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
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|
|Actual Budget (USD)||14,067|
Project Reference Profiles – Hungary(HU02) Hungary Bilateral Climate Financing scheme
|Start Date||Q1 Oct 1 2019|
|Actual Budget (USD)||32,315|