In developing and emerging countries, financial resources for expanding sources of renewable energy and for energy efficiency measures are often lacking, since banks and investors lack expertise in such technologies. The end result is that risks are overestimated and projects do not come to fruition. The Green Banking initiative tackles this problem by offering an extensive programme of scholarships and further training that covers all aspects of renewables financing. A key programme focus is training to become a certified ‘Green Banking Specialist’, which is aimed at bank employees and independent investors. The course is also supplemented by a train-the-trainer programme to ensure long-term knowledge transfer into banks and financial institutions. Following the successful rollout of the ‘Green Banking’ training programme in Asia, it is now being set up in Latin America and three countries in northern Africa.
The Green Banking project was successfully implemented in Southeast Asia in 2015-2018 and will continue in Latin America until 2022.
Following the implementation phase in Southeast Asia with over 600 participants, the
project has also been extremely well received in the new target region of Latin America. The training formats offered were oversubscribed several times in all years: in 2021, over 370 people applied for the originally planned 60 places. 44% of the 125 scholarships ultimately made available were awarded to women.
The overwhelming demand for Green Banking trainings highlights the increased awareness of sustainable financial instruments and the importance of promoting green energy projects in the region.
RENAC offers the Green Banking Trainings under the umbrella of IFC's Green Banking Academy, which aims to guide and support banks in their transformation to a "Green Bank". During 04 – 09/2021, a training course on "Green Energy Finance Specialist" was conducted.
Despite Covid-19 limitations, Green Banking training was successfully delivered virtually.
The Master of Business Management with a focus on Green Energy and Climate Finance was created together with the HWR Berlin
Countries: Colombia, Costa Rica, El Salvador, Guatemala, Honduras, India, Indonesia, Nicaragua, Panama, Peru, Philippines, Thailand, Viet Nam
IKI funding: 4,549,304.22 €
Duration: 11/2015 till 12/2022
Status: open
Implementing organization: Renewables Academy AG (RENAC)
Political Partner: Department of Alternative Energy Development and Efficiency (DEDE) – Thailand; Department of Energy (DOE) – Philippines; Ministry of Energy – Thailand; Ministry of Energy and Mineral Resources (MEMR) – Indonesia; Ministry of Energy and Mines (MINEM) – Peru; Ministry of Energy and Mines – Nicaragua; Ministry of Energy and Mining; Ministry of Environment (MINAM) – Peru; Ministry of Environment and Energy (MINAE) – Costa Rica; Ministry of Industry and Trade (MOIT) – Viet Nam; Ministry of New and Renewable Energy – India; National Energy Board; Secretariat of Environment – Colombia
Implementing Partner: Asian Development Bank; Ministry of Energy – Thailand; Ministry of Energy and Mineral Resources (MEMR) – Indonesia; Ministry of Industry and Trade (MOIT) – Viet Nam; Ministry of New and Renewable Energy – India
