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Hungarian Government to support green transition in Western Balkans

2019 #143 Startseite Hungary 141 - 1 - Erneuerbar

The Government has approved the establishment of the Western Balkans Green Center, under a cooperation project supported by the Ministry for Innovation and Technology of Hungary, which aims to support the green transition in six countries such as Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia.

The instrument was designed with the support of the Global Green Growth Institute (GGGI). It is also the first step toward the creation of a multi-donor fund.

By complementing the existing instruments in the countries, WBGC will target under-financed areas, such as climate adaptation. As early as 2019, it will support project preparation and capacity building in the region through grant financing in water management, forestry, sustainable energy for buildings and sustainable city sectors.

Source: http://www.ipsnews.net/2019/01/hungarian-government-launch-climate-finance-instrument-support-climate-action-western-balkans-2019/