March 28, 2024
Global Renewable News

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
EBRD donors continue their support of green transition

February 24, 2017

EBRD donors strongly back the Bank's Green Economy Transition (GET) approach and in 2016 cumulatively provided more than 250 million for green investments. 

The two biggest contributors were the Climate Investment Funds (CIF) and the European Union (EU), followed by bilateral donors such as Austria, Finland, France, Germany, Japan, the Netherlands, Norway, Spain, Sweden, Switzerland, the United Kingdom, the United States, and Taipei China.

Since 2006, donors have provided over 1.4 billion for climate finance, in support of the EBRD's total green finance investments during this period of 22 billion and helping to promote a sustainable development model which now recognises green as a key quality of successful market economies.

Donor partnerships are crucial for driving growth for the green economy. The EBRD combines green investments with donor-funded technical assistance, for instance, for energy audits and investment preparation, and concessional finance.

Additionally, donors support the Bank's work with governments on improving the policy environment.

Many EBRD countries, especially those from the former Soviet bloc, have suffered years of wasteful energy use and environmental neglect. Some also face vulnerability to climate change.

Click here to read the full press release.

For more information

European Bank for Reconstruction and Development

www.ebrd.com


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