• GEEREF is a Public Private Partnership (PPP) drawn from the Patient Capital Initiative (PCI) which was launched in 2004 in the context of the Johannesburg Renewable Energy Coalition (JREC).
  • GEEREF is an innovative Fund-of-Funds, providing global risk capital through private investment for energy efficiency and renewable energy projects in developing countries and economies in transition.
  • GEEREF aims to accelerate the transfer, development, use and enforcement of environmentally sound technologies for the world's poorer regions, helping to bring secure, clean and affordable energy to local people.
  • GEEREF was initiated by the Directorate General for Environment and Directorate General for Europe Aid Co-operation Office (AIDCO) of the European Commission.
  • GEEREF is both a sustainable development tool and a strong support for global efforts to combat climate change. It is sponsored by the European Union, Germany and Norway and is advised by the European Investment Bank Group (European Investment Bank and the European Investment Fund).
  • The target funding size for GEEREF is €200-250 million and as of September 2009, GEEREF has secured a total €108 million.
  • GEEREF is registered as an instrument qualifying as Official Development Aid (ODA) by the Organisation for Economic Co-operation and Development OECD Development Assistance Committee (DAC, www.oecd.org/dac), the principal body through which the OECD deals with issues related to co-operation with developing countries.

 

Source: “Mobilising public and private finance towards global access to climate-friendly, affordable and secure energy services: The Global Energy Efficiency and Renewable Energy Fund”, Communication from the Commission to the Council and the European Parliament COM (2006) 58

http://ec.europa.eu/environment/jrec/energy_fund_en.htm

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      • GEEREF is a Public Private Partnership (PPP) drawn from the Patient Capital Initiative (PCI) which was launched in 2004 in the context of the Johannesburg Renewable Energy Coalition (JREC).

      • GEEREF is an innovative Fund-of-Funds, providing global risk capital through private investment for energy efficiency and renewable energy projects in developing countries and economies in transition.

      • GEEREF aims to accelerate the transfer, development, use and enforcement of environmentally sound technologies for the world's poorer regions, helping to bring secure, clean and affordable energy to local people.

      • GEEREF was initiated by the Directorate General for Environment and Directorate General for Europe Aid Co-operation (AIDCo).

      • GEEREF is both a sustainable development tool and a strong support for global efforts to combat climate change. It is sponsored by the European Union, Germany and Norway and is advised by the European Investment Bank Group (European Investment Bank EIB and the European Investment Fund EIF).

      • The target funding size for GEEREF is €200-250 million and as of September 2009, GEEREF has secured a total €108 million in commitment.

      • GEEREF is registered as an instrument qualifying as Official Development Aid (ODA) by the Organisation for Economic Co-operation and Development OECD Development Assistance Committee (DAC, www.oecd.org/dac make sure the hyperlink works), the principal body through which the OECD deals with issues related to co-operation with developing countries.