The economy of Serbia is characterized by high resource inefficiencies and greenhouse gas emissions. To transition to a "green economy", Serbia’s economic growth needs to be decoupled from the consumption and pollution of natural resources and, in particular, the emission of greenhouse gases. Therefore, investments in a “green economy” are gaining importance in Serbia and it is an explicit objective of the Serbian Government to support the greening of the economy. However, ”green investments” are still insufficient mainly due to (i) a lack of awareness on the part of enterprises, municipalities and households and (ii) limited access to long-term financing for ”green” investments.
The Green Economy Facility is conceived as a financial instrument targeting to enhance the efficiency of natural resources in different areas, such as energy, GHG emissions, water, pollution, etc., of MSMEs, public utility companies and municipalities. With this focus, KfW enables PFIs to define loan products that go beyond the scope of previous green credit lines, which were restricted to EE and RE investments. Furthermore, by strengthening the E&S requirements on the side of the FIs, as well as for eligible investments, the Green Economy Facility follows in a way the DNSH approach of the EU Taxonomy.
MACS provides Technical Assistance to Banca Intesa and Awareness Raising and Marketing Support to the Ministry of Environmental Protection while being supported by ERM in the dimension of ESHS & ESDD Activities.
Based on his career as financial consultant and development banker, Thomas thought consulting and management services in the utility sectors should integrate economists and engineers as well as social scientists in a core team of permanent international staff for sustainable solutions. Thus MACS was born.
His experience in micro- and macro-economic policy analysis as well as detailed sector assessments in the fields of Finance, Water and Energy makes Thomas an expert in developing comprehensive finance strategies for network utilities including building the institutional and policy framework around it.
As one of the Partners and Managing Directors of MACS he is responsible for strategic development and controlling.