Aligning with the European Green Deal can accelerate the Western Balkan’s transition to a more sustainable economy. More than that, it can open new EU markets – increasing exports, creating jobs, and alleviating poverty. If Western Balkans businesses are to align with the Green Deal, embedding sustainability throughout their operations is essential. It’s also impossible without targeted support. At the EU-Western Balkans Investment Forum in Tirana, Albania in October 2025, climate action and green finance received a vital boost. The European Union invested €20 million in GGF’s C-share class alongside €4 million in advisory & capacity building support, provided via long-term trustee KfW Development Bank. The C-share-class investment will enhance our ability to mobilize private capital, adding much-needed impact additionality for catalytic investors. “With climate action under pressure and regional challenges mounting, GGF stands ready to scale. The EU’s support strengthens our ability to channel private and public capital into the markets that need it most.” - Simon Gupta, GGF Board Chairperson. In total, GGF’s Western Balkan’s investments are expected to growth from €675 million to €850 million – a 21% increase – helping us scale support in the region for renewable energy, energy efficiency, and climate resilience. This support was the catalyst for a series of GGF financing arrangements signed at the Investment Forum. Read about our new local relationships and renewables investment here. EU-backed capital can unlock investment where climate finance is needed most.
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