Funders active in Eastern Europe
214 matching capital sources on the AESFIP database · Last checked October 2026
Eastern Europe's climate funding centres on moving away from coal, upgrading inefficient buildings and heating networks, and green city infrastructure. Alignment with European Union standards often shapes what gets funded.
These funders have an active mandate covering Eastern Europe, including the Western Balkans and the Caucasus. Many lend through local banks, so small businesses often reach them through a partner bank credit line.
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The funders
Each profile shows mandate, instruments and sector appetite. Verified contacts and application routes are available to members.
- Eastern Europe Energy Efficiency and Environment Partnership (E5P)Climate FundThe E5P is a €462 million multi-donor and multi-IFI Fund operating in Ukraine, Armenia, Azerbaijan, Georgia and Moldova. It was initiated during the Swedish Presidency of the European Union in 2009. It aims at supporting high impact energy efficiency and environmental investments in the Eastern Partnership countries. The E5P merges financial contributions from the European Union and a group of 24 nations, including countries which are benefiting from the fund. The contributions are used as grants to support municipal sector projects. The projects approved for implementation in Ukraine have shown that the E5P grants can leverage on average investment volumes that are five times the size of the committed grants. The grant allocations are flexible and recognise priorities of each recipient country with the overall aim to reduce energy use, pollution and greenhouse gas emissions. The fund also supports policy dialogue and regulatory reform.Grants
- Charles Stewart Mott FoundationFoundation · United StatesUS private foundation with a long-standing environment programme covering freshwater, energy transition and civil society strengthening, operating in Southern Africa from a Johannesburg office.GrantsTechnical Assistance
- Regional Fund for Agricultural Technology (FONTAGRO)Climate FundFONTAGRO is a strategic investment and co-financing fund, created by the finance ministers of its member countries, and is unique worldwide. Its mission is to foster strategic alliances and build multi-country, multi-stakeholder, and multidisciplinary networks to enable the sustainable financing of agricultural research, development, and innovation (R&D&I). It also serves as a leading forum for technological innovation, promoting regional dialogue to boost the competitiveness of the agri-food sector, reduce poverty, and promote the sustainable use of natural resources.GrantsTechnical Assistance
- Finance and Technology Transfer Centre for Climate Change (FINTECC)Climate FundThe Finance and Technology Centre for Climate Change (FINTECC) program provides eligible entities with financial support, partially free technical assistance, investment incentives, and Climate Innovations Vouchers (CIVs). FINTECC offers incentive grants to encourage the adoption of eligible technologies, which complement financing from the European Bank for Reconstruction and Development (EBRD) as well as from the Global Environment Facility (GEF). The program also organizes technical support, delivered by the EBRD and international consultants. To facilitate the transfer of climate technology in each region, FINTECC assists participating governments in improving their policy environments and legislative frameworks, thereby enabling organizations to adopt a broad range of climate technologies.GrantsTechnical Assistance
- Green for Growth Fund (GGF)Climate FundThe Green for Growth Fund (GGF) is a specialised impact investment fund to mitigate climate change and promote sustainable economic growth by investing in measures that reduce energy consumption, resource use, and CO2 emissions in Southeast Europe and the EU Neighbourhood regions. Initiated by the European Investment Bank and KfW Development Bank, the GGF is a public-private partnership that leverages risk capital provided by public institutions with additional private capital. The GGF channels dedicated financing to businesses and households through local financial institutions, and also makes direct investments in eligible projects and companies. The activities of the GGF are supported by a Technical Assistance Facility, which provides know-how and technical expertise to ensure that these investments are successfully implemented.Concessional DebtDebtGrants
- European Bank for Reconstruction and DevelopmentMDB · United KingdomDebtEquityGuarantees
- Allianz Global Investors Emerging Market Climate Action FundCommercial Investor · GermanyFund InvestmentsDebt
- Emerging Markets Climate Action FundBlended Finance Facility · LuxembourgFund InvestmentsCatalytic Capital
- MeridiamCommercial Investor · FranceEquityDevelopment Capital
- MirovaCommercial Investor · FranceSustainable investment manager with dedicated natural capital and land degradation funds for Africa.EquityDebt
- Nordic Environment Finance CorporationDFI · FinlandGrantsConcessional DebtEquity
- Sustainable Infrastructure Foundation / SOURCEFoundation · SwitzerlandTechnical AssistanceAdvisory
- Cassa Depositi e Prestiti Development FinanceDFI · ItalyItaly's national promotional institution and development finance arm, delivering Italian cooperation credit and the Mattei Plan for Africa alongside EU Global Gateway operations.DebtConcessional DebtEquity
- ADB Ventures Investment Fund 1 (VIF1)Climate FundADB Ventures Investment Fund 1 (VIF1) is a multi-donor trust fund that invests in early-stage companies with technology enabled solutions that contribute to multiple Sustainable Development Goals (SDGs), with a focus on climate and gender impact. The fund has a 17-year fund life for holding periods of up to 10 years to maximize the opportunities for success of an early-stage company requiring more patient capital. VIF1 will contribute to multiple SDGs by applying climate (80% of investments) and gender (75% of investments) impact investment lens, primarily targeting ADB’s developing member countries (DMCs) in Southeast Asia and South Asia. VIF1 will focus on clean technology, agricultural technology, inclusive financial technology, and health technology. ADB Ventures aims to mobilize at least $360 million private capital for early-stage companies through co-investments.Technical Assistance
- Asia Pacific Climate Finance Fund (ACliFF)Climate FundThe Asia Pacific Climate Finance Fund (ACliFF) is an ADB-managed, multi-donor trust fund established with the Government of Germany as its first financing partner. It funds the development and implementation of innovative, scalable, and commercially viable financial risk management products aimed at achieving at least one of the following objectives: scaling up the adoption of climate technologies, mobilizing new sources of private sector climate financing, supporting investment in climate-sensitive sectors, and addressing extreme weather eventsGrantsTechnical Assistance
- Asia Pacific Disaster Response FundClimate FundThe Asia Pacific Disaster Response Fund is a special fund established in 2009 to provide fast-tracked grants to developing member countries (DMCs) for life-saving purposes in the immediate aftermath of major disasters triggered by a natural hazard. The fund provides quick disbursing grants to assist DMCs meet immediate expenses to restore life-saving services to affected populations following a disaster and to augment aid provided by other donors in times of crisis.Grants
- Asian Clean Energy Fund under CEFPFClimate FundThe Asian Clean Energy Fund was established by Japan as part of its initiative of Enhanced Sustainable Development for Asia. It is part of the Clean Energy Financing Partnership Facility.GrantsTechnical Assistance
- Canadian Climate Fund for the Private Sector in AsiaClimate FundThe fund was established in 2013 under the Expanded Clean Energy Financing Partnership Facility as ADB’s first concessional cofinancing facility to support private sector operations to combat the adverse effects of climate change. It catalyzes private sector investment in climate change mitigation and adaptation.Concessional DebtDebtTechnical Assistance
- Canadian Climate Fund for the Private Sector in Asia IIClimate FundEstablished in March 2017, the Canadian Climate Fund for the Private Sector in Asia II is a CAD200 million fund designed to support greater private sector participation in climate change mitigation and adaptation in low and lower middle income countries and upper middle-income small island developing states in Asia and the Pacific. The fund will also seek to promote gender equality and the empowerment of women and girls in projects supported by the fund.Concessional DebtDebt
- Clean Energy Fund under CEFPFClimate FundThe Clean Energy Fund is a multi-partner trust fund established in April 2007 under the Clean Energy Financing Partnership Facility. The objective of the facility is to improve energy security in developing member countries and decrease the rate of climate change through increased use of clean energy. Resources from the fund and clean energy trust funds will be used to finance operational expenses related to eligible projects in the form of foreign exchange and/or local expenditures for goods, works, and services from ADB member countries following ADB's applicable guidelines and procedures. Resources will also be used to engage the necessary consultants (technical and administrative expertise) to support the facility.GrantsTechnical Assistance
- Climate Change FundClimate FundThe Climate Change Fund (CCF) was established in May 2008 to facilitate greater investments in developing member countries (DMCs) to effectively address the causes and consequences of climate change, by strengthening support to low-carbon and climate-resilient development in DMCs. CCF plays a key role in mainstreaming climate actions in ADB’s operations and is critical for achieving the climate targets under Strategy 2030’s third operational priority of tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability. The fund provides financing through: grant component of investments, technical assistance (stand-alone and piggy-back or linked to loan), and direct charge. It has three components: (i) adaptation, (ii) clean energy development, and (iii) reduced emissions from deforestation and forest degradation, and improved land use management (REDD+ and land use).Grants
- Energy Transition Mechanism Partnership Trust FundClimate FundThe Energy Transition Mechanism Partnership Trust Fund (ETMPTF) is a multi-partner trust fund established in June 2022 under the Clean Energy Financing Partnership Facility. It mobilizes resources for the Energy Transition Mechanism (ETM), which aims to catalyze public and private capital to accelerate the transition from carbon-intensive coal-based power plants to clean energy in ADB’s developing member countries (DMCs).Concessional DebtDebtGrants
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Showing 22 of 214 matching capital sources. The remaining 192 — including their verified routes, ticket sizes and eligibility criteria — are reserved for members.
Common questions
- How can a small business in Eastern Europe get green financing?
- Often through a local partner bank that runs a green credit line funded by a development bank, rather than by approaching the development bank directly.
- What projects are funded?
- Energy efficiency, renewable energy, district heating, municipal water and transport, and industrial decarbonisation.