A Roundtable on Financing Resource Efficient and Cleaner Production Investments in Manufacturing Sector in Georgia was organized on 24 March, 2015 in Tbilisi Marriott Hotel. The Roundtable was organized by UNIDO, with additional support from the Development Bank of Austria, to explore possible ways to bridge the gap between RECP assessments and RECP investments and leverage funding for the transition towards green economy. The first roundtable was organized with the triple aims of:
- Improving understanding of the business potential of RECP investments and associated financing issues, in particular for small and medium sized enterprises;
- Reviewing achievements and lessons learned from dedicated energy and environment financing facilities and their applicability for RECP investments; and
- Identifying practical ways forward for mobilizing financing for RECP investments in Georgia.
Representatives of UNIDO, experts from Development Bank of Austria, International Financial Institutions, Georgian banks, government and business sector representatives participate in the Roundtable.
Mr. Rene Van Berkel, Chief of UNIDO’s Industrial Resource Efficiency Unit, welcomed the meeting participants. He also introduced to the participants RECP concept and methodology, economic, environmental and social benefits of RECP and positive experience of RECP application in small and medium size enterprises in developing countries.
Mr. Malkhaz Adeishvili, National Project Coordinator, presented objectives of RECP Demonstration Project, activities undertaken since the project’s inception in February 2014, key results and achievements during the project implementation in Georgia.
Mr. Julien Haarman, International Expert (UNIDO), presented potential sources and ways for financing RECP in enterprises. Mrs. Nato Bochorishvili, Head of Marketing Unit, ProCredit Bank, and Mr. George Zurashvili from Energocredit Project presented, respectively, ProCredit Bank’s green financing and EBRD’s energy efficiency and green energy financing opportunities and experience in Georgia.
Mr. van Berkel mentioned that notwithstanding the cost-effectiveness of RECP measures, manufacturing companies, in particular small and medium sized enterprises, often report difficulties in actually financing the necessary investments, due to a range of factors. With additional support from the Development Bank of Austria, UNIDO therefore started to explore possible ways to bridge the gap between RECP assessments and RECP investments and leverage funding for the transition towards green economy.
Mr. van Berkel said that UNIDO will further support the implementation of RECP in the participating enterprises.
Agenda Financing Roundtable Georgia 24.03.15