The FINANCIAL -- Tbilisi , Georgia. IFC, a member of the World Bank Group, is helping Georgian banks to benefit from carbon finance and the global carbon  market and thus to explore new opportunities to expand their business, enhance client relations, and secure deals, while contributing to environmental sustainability.

"IFC is working in the area of carbon finance in more than ten countries, accumulating extensive experience in this new market for environmental services, which complements IFC’s financing facilities.  To share this experience IFC is organizing a seminar for Georgian banks interested to expand their business into this area," IFC informed.

Around ten banks are to participate in the event, including long-term IFC clients. The seminar will cover major issues in carbon finance, including:

• basic concepts of carbon offset projects and programs, and applicable regulations;

• analysis and trends of international offset projects (by project size, volume, sectors, technologies, etc), and a general survey of opportunities;

• overview of the global carbon market; and

• country-specific regulations (e.g. limits of issuance of credits and trading) and role of domestic authorities 

Thomas Lubeck, Regional Head, Caucasus, IFC, says, “Tackling climate change is a major IFC goal for the Europe and Central Asia region. Carbon finance could catalyze energy efficiency and renewable energy investments by securing additional income benefitting climate change investments. The seminar is the first and very important step to achieve this goal.”

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