GGF Impact Stories: Helping Serbia increase energy savings

The Green for Growth Fund (GGF) supports sustainable energy finance and green energy projects through funding, know-how and the tools to succeed in the market. Serbia represents one of the Fund’s largest portfolios and with more than EUR 90 million invested, it is one of the GGF’s biggest success stories to date. The GGF, which was initiated as a public-private partnership in December 2009 by the European Investment Bank (EIB) and German development bank KfW, offers various financing instruments, which combined with targeted technical assistance, ensure the long-term effectiveness of its investments. The Fund’s minimum target for all measures it supports is a 20 % reduction in energy use, CO2 emissions or both.