Green Transition Investment Program (GTIP) in Viet Nam, Indonesia, Philippines

Project Dates: January 2023 - December 2025
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Green Transition Investment Program (GTIP) in Viet Nam, Indonesia, Philippines
PROJECT OBJECTIVE

Green Economy Transition Acceleration The GTIP aims to speed up countries’ shift towards a green economy, focusing on circular economy start-ups and MSMEs, downstream waste management infrastructure, and sustainable forest management investments. Green Employment Generation The project aims to create significant green job opportunities as part of the COVID-19 pandemic recovery through targeted green vocational training components. MSME Energy Efficiency The project anticipates industrial energy efficiency to be a major growth area among circular economy start-ups and MSMEs.

PROJECT DESCRIPTION

The Green Transition Investment Program (GTIP) is a 3-year initiative by the Global Green Growth Institute (GGGI) funded by the Ministry for Foreign Affairs of Finland (MFA) to accelerate the green transition in ASEAN countries by mobilizing investments and creating green jobs. The program targets Indonesia, the Philippines, and Viet Nam, focusing on integrating Technical Vocational Education and Training (TVET) into green investments in sectors such as circular economy start-ups and MSMEs (micro, small, and medium enterprises), downstream waste management, and sustainable forest management. Key partners include line ministries, the private sector, commercial banks, fund managers, development finance institutions, green technology vendors, NGOs, professional associations, universities, and local communities. Additionally, the Green Transition Lab is a program feature that facilitates green technology transfer and enables the effective matching of circular economy and sustainable forest technologies from Finland and other countries with the specific demands of private sector project developers in the ASEAN. In addition, it also facilitates promoting solutions on green TVET for the local project developers to improve their capacity.


SECTORS OR AREAS OF WORK
  1. Climate finance
  2. Energy transition

Region/Location

ADDITIONAL INFORMATION

For more information: https://gggi.org/?project=green-transition-investment-program-gtip-in-viet-nam-indonesia-philippines