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Environmental Enterprises

Lead Organisation:

Environmental Enterprises Assistance Funds

Where:

Global

Time period:

On going since 1991

Web link:

http://www.eeaf.org

   

Partners:

USAID

IFC

Calvert Social Investment Foundation

Empresas Ambientales de Centro America

MacArthur Foundation

Yayasan Bina Usaha Lingkungan

Triodos Bank Group

A2R

Energy House Capital Corp

EIF Group

   

Aims/Objectives:

Bridge the gap between investment capital and small environmental businesses in developing countries;

Invest in replicable models for environmental businesses that prove their viability and profitability to other entrepreneurs and investors in sectors such as renewable energy, energy efficiency, forestry, sustainable agriculture, biodiversity and others;

Form private equity funds that multiply environmental and social benefits;

Build capacity within institutions in developing countries to identify, design, finance, and manage environmental investments.

   

Measurable results and specific targets:

The measurable results of investment activities include direct investments and the management of four funds. To date EEAF has mobilised over US$60 million.

Corporacion Financiera Ambiental : a $10 million fund for Central America.

Terra Capital Investors : a $15 million fund to support biodiversity businesses in Latin America.

Renewable Energy and Energy Efficiency Fund : a $ 65 million fund investing worldwide.

Solar Development Group : a $50 million joint program comprised of a Foundation and a Fund that provide business development support and investment to PV companies servicing off-grid rural areas worldwide. SDG has supported 26 companies in Tanzania, Guatemala, Nepal, Uganda, Bolivia, South Africa, Kenya, Ghana, Bangladesh, Cambodia, Argentina, Sri Lanka, Comoros and Indonesia.

   

Implementation mechanisms and further application:

As capital by itself is not sufficient to develop successful environmental enterprises in developing countries, Environmental Enterprises helps new programs reach entrepreneurs whose projects would otherwise be too risky for commercial investment by diversifying the type of projects into new sectors for the local economy; employing local resources; improving the participation of youth, women and small entrepreneurs in the local economy; and involving local NGO’s.

Environmental Enterprises also engages and educates a broader investment and entrepreneurial community by attracting new and quality investors and increase capital flowing to environmental industry in developing countries; building local capacity by educating local financial institutions to provide venture capital training; and conveying a variety of messages including: lessons learned through 11 years of investing; opportunities for green businesses in emerging markets in the years to come; environmental and financial criteria and how they are applied; case studies on deals.

   

CONTACT:

 

Name:

Anna Karen Lange Regenass

Email:

regenass@mindspring.com

Organisation:

Environmental Enterprises Assistance Fund

Address:

1655 N. Fort Meyer Drive

 

Suite 520

City:

Arlington

State/Region:

Virginia

Postal Code:

22209

Country:

United States of America

Telephone:

+1 703 522 59 28 Ext 213

Fax:

+1 703 522 6450


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World Business Council for Sustainable Development International Chamber of Commerce