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The COP 28 commitment to triple renewable energy worldwide by 2030 is a critical step forward in addressing the climate crisis. However, achieving this accelerated deployment demands innovative models that increase private investment and build the capacities of local markets. Borislav Kostadinov, Fund Director, explains how Finance in Motion delivers these solutions where they’re needed most.
The Green for Growth Fund (GGF) is providing project financing solutions for Albania’s first 100% privately funded renewable energy project. This promotes climate change mitigation and the transition to renewable energy. It also acts as a demonstration of what can be achieved without government subsidies.