U.S. Climate Finance

The U.S. Agency for International Development (USAID) is providing $2.6 million to support the Government of Georgia's efforts to formulate and implement a Low Emission Development Strategy (LEDS) and reduce greenhouse gas emissions as compared to a business-as-usual scenario. The program will promote lower energy use by developing energy efficiency standards for buildings and eco-labeling standards, and by implementing municipal projects to stimulate demand for the deployment and use of alternative energy sources (such as solar, hydro, and biofuels) and energy efficiency technologies. In addition, the program will assist Georgia's largest municipalities in preparing Sustainable Energy Action Plans to meet commitments established under the European Union Covenant of Mayors process, which seeks to lower the greenhouse gas emissions of cities by at least 20 percent.