The Green Transition Investment Program in Southeast Asia (GTIP)
Description
The Green Transition Investment Program (GTIP) accelerates the green transition of partner ASEAN lower-middle income countries (LMICs) by mobilizing investments in selected sectors in Indonesia, the Philippines and Vietnam. GTIP is coordinated by intergovernmental organization Global Green Growth Institute (GGGI).The Programme covers three sub-thematic areas: waste management, sustainable forestry and circular economy. During three years of implementation, the Programme will aim to mobilize 100 MEUR investments for green transition. Based on an initial investment pipeline and analysis, GTIP will eventually select a minimum of two bankable projects or funds for further development and investor commitment stage. GTIP includes also a technical vocational education and training (TVET) component that will be designed and implemented together with local and FInnish TVET institutions. This component will prepare the workforce with the skills needed to meet the demands of green labor markets. The results of the training program, including identified gaps and opportunities, will inform the recommendations for green vocational training policy for the target countries.
Funding decision
1 998 265 €
Objectives monitored by OECD's Development Assistance Committee
- Climate change - mitigation
- Aid to environment
- Climate change - adaptation
Field of activity
- Business development services 50%
- Vocational training 25%
- Energy generation, renewable sources – multiple technologies 25%
Funding channel
Global Green Growth Insitute (GGGI)
Contact
Code for the object of funding
79812763
ID
UHA2021-005850
Modified
08.11.2022