climate finance

The European Bank for Reconstruction and Development (EBRD) has launched a new smart app as part of efforts to accelerate its climate finance.

EBRD clients including technology vendors, businesses and homeowners will be able to use the new app Tech Selector to find more than 18,000 green technologies to help them improve energy efficiency, provide renewable energy, and reduce water use and soil erosion.

Information regarding EBRD’s Green Economy Financing Facility, the Green Trade Facilitation Programme or the Finance and Technology Transfer Centre for Climate Change programme will be assessed in over 10 languages via the app.

The innovative app is based on EBRD’s e-commerce tool Green Technology Selector, which was launched in 2018.

Through the app and the Green Technology Selector platform, EBRD is creating a marketplace that makes green technologies more easily available while promoting cross-border trade between economies in the EBRD regions.

Businesses and homeowners are able to find vendors and manufacturers, within minutes locate the closest and submit their purchasing plans to EBRD’s financial partners such as local banks, leasing companies and microfinance institutions. This will accelerate the processing times for clients’ requests and make it easier for clients to benefit from EBRD financing.