The project aimed at promoting investments in renewable energy technologies (RET) and energy efficiency (EE) in developing countries and countries with economies in transition.

To this end the RET/EE Investment Advisory Facility was created. It provided expert advice to financial institutions concerning specific investments, and helped bank loan officers develop the skills to evaluate such projects independently.

The project was implemented by the Division of Technology, Industry and Economics - UNEP under financing of the Global Environment Facility (GEF).

URC was mainly involved in the evaluation of proposals to obtain advisory services sent by the invited banks. The Centre also collaborated with UNEP and the Canada Centre for Mineral and Energy Technology (CANMET) in the adaptation of a software package for the quick evaluation of EE/RET by loan officers.

For further information on the advisory services read the RET/EE Facility brochure.