Climate and energy

Develop the countries’ green hydrogen economy by streamlining access to public and private capital, linking finance to policy decisions, reducing transaction costs and accelerating high-quality project development.

In 2023 the Five Great Forests of Mesoamerica will be launched, which will protect 10 million hectares of forest by 2030.

Installation of a 12.9 MW floating solar photovoltaic power plant in Albania, the first medium-size hybrid floating solar and hydropower plant and the first application of pure-floats technology in the Western Balkans.

Develop forest-based value chains, ensuring financial access for bio-entrepreneurs and effective marketing of bio-economy value chains, aimed at enhancing the trade of products with high environmental, climate, and social benefits.

Forest Partnerships encompass the EU's holistic cooperation framework for joint work on forests, aimed at reversing deforestation in supported countries and consequently enhance climate and biodiversity protection.

Ethiopia's first private geothermal project, also the country's first private-sector power resale agreement, provides renewable, stable energy, addressing the country's economic crisis.

The Team Europe Global Green Bond Initiative supports the development of green bond markets in partner countries. In 2023 technical assistance to Jamaica, Colombia and Costa Rica will begin.

In 2023 the Choir-Sainshand energy transmission line and substations construction works are being launched; Aimag and Soum Centers Green and Resilient Regional Development Investment Program (ASDIP) to be approved by the Mongolian Parliament; launch of the Forest Partnership.

In 2023 the project for solar and wind power energy investments will be launched.