Empowering the green energy transition in the South Mediterranean Countries, Component 3 of the MED-GEM Network introduces the Financial Support Coordination Group (FSCG). Established to efficiently channel the existing financial instruments and funding schemes, the FSCG is instrumental in promoting Green Electrons and Molecules (GEM) investments.
The activities under this component are meticulously designed to achieve the overarching goals of the MED-GEM Project. This includes mapping all available financing mechanisms for pilot projects, facilitating matchmaking between project developers and financial institutions, connecting the private sector actors in Southern Neighbourhood countries with initiatives, and fostering cooperation with existing renewable hydrogen initiatives.
Additionally, the FSCG engages in green finance knowledge exchange activities and supports the development of de-risking mechanisms, reinforcing its pivotal role in navigating the financial landscape for sustainable renewable hydrogen projects.