The biggest challenge remains eliciting the interest of MSMEs in shifting to clean technology (cleantech), as well as those involved in the value chain. The MSMEs perceive cleantech as costly, and if they appreciate the return on investment of such project, it may take some time to recover. Improved understanding of cleantech would be important. However, lack of financial literacy and transparency by the MSMEs are also major issues on the demand side, which hamper further commitments by financial institutions which themselves lack awareness, technical capabilities as well as tailored financial products and co-investment opportunities.
The project seeks to build and leverage a cleantech-financing ecosystem to spark improved access to finance for Asian cleantech MSMEs in order to enhance sustainable consumption and production (SCP) patterns in Asia. The project aims at enhancing the cleantech value chains and access to finance for MSMEs as well as the availability of cleantech-financing products by working with financial institutions (FIs).
Link Source : https://www.switch-asia.eu/project/acmfn/