Capacity Building to Unlock Private Finance for Green Energies: RENAC's Green Banking Programme Now Launched for the MENA Region. The programme comprises a total of three training courses, a Train-the-Trainer seminar, an Applying Green Energy Finance Programme and an Online Training. The main objective of the programme is to sustainably improve capacity for renewable energy (RE) and energy efficiency (EE) financing options in Egypt, Jordan, Morocco and Tunisia.
RENAC's Green Banking MENA programme aims to promote green investment opportunities in Egypt, Jordan, Morocco and Tunisia (Photo: Business Wire)
The agreement signed in Paris during the United Nations Climate Change Conference (COP21) is proof of the key role renewable energy and energy efficiency play in international climate change mitigation efforts. While green markets keep gaining momentum, Egypt, Jordan, Morocco and Tunisia enjoy the necessary natural resources for widespread implementation of renewable energy and energy efficiency projects. Local professionals with the appropriate know-how will be able to profit from new business opportunities in a growing industry, which additionally presents manifold benefits (reduction of greenhouse gas emissions, energy security and job creation, among many others).
Currently, RE and EE projects face substantial blocks to external financing from banks, which is usually characterized by high interest rates. The trainings are intended to tackle these circumstances. Through the “Green Banking MENA” programme, professionals from private and public financial institutions involved or interested in financing green energy projects will gain specific knowledge in technologies, financial schemes, risk evaluation, mitigation measures and international climate finance options. Interested professionals from Egypt, Jordan, Morocco and Tunisia can apply here until 15 January 2019 for the first part of the scholarship programme, the Train-the-Trainer seminar at RENAC’s Training Centre in Berlin, Germany.
“Green Banking MENA” is a scholarship programme as part of the project DIAhttps://www.businesswire.com/news/home/20181206005296/en/