Archive | Source: European Bank for Reconstruction and Development

Press Release: EBRD and ALEXBANK supports energy efficiency in Egypt

The EBRD and the European Investment Bank (EIB) are planning to support energy-efficient and renewable energy investment in Egypt through a financing package to ALEXBANK in the amount of up to US$ 30 million under the Green Economy Financing Facility (GEFF) for Egypt. The EBRD is providing a financing facility of up to US$ 15 million to ALEXBANK for on-lending to private companies for energy-efficiency and renewable energy projects. The EIB is expected to join the facility with an additional US$ 15 million in financing at a later stage and to team up with EBRD to further strengthen sustainable energy measures in Egypt. Full article…

Press Release: EBRD puts on the heating in Banja Luka

In a significant step forward to boost green energy in Bosnia and Herzegovina, the EBRD is supporting the construction in Banja Luka of a 49 MW district-heating boiler plant fired by wood biomass, under the Bank’s Green Cities Framework.

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Press Release: EBRD facilitates registration of Kazakh wind farm under domestic carbon credit scheme

The Yereymentau Wind Farm in Kazakhstan, a long-standing partner of the European Bank for Reconstruction and Development, EBRD, has been registered as a domestic carbon credit project under the country’s emissions trading system (ETS).

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Press Release: EBRD, EU and Austria support greener future in Bosnia and Herzegovina

The EBRD, the European Union (EU) and the Austrian Federal Ministry of Finance have launched a joint programme to support energy efficiency investment in the residential housing sector in Bosnia and Herzegovina. The EBRD has committed a total of €17 million to Unicredit Bank Mostar, Unicredit Bank Banja Luka and Sparkasse Bank, which the banks will use to on-lend to clients investing in energy efficiency projects in residential buildings.

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Press Release: COP23 and the transfer of climate technology

Ever since the Paris Climate Agreement of 2015, climate finance has been very high up on the agenda of the international community.

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Press Release: EBRD at COP23, determined to achieve climate goals

The EBRD heads for international climate talks in Bonn next week, determined to demonstrate its commitment to meeting ambitious goals to address the global challenge of climate change.

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Press Release: EBRD sets new milestone in renewable energy financing

The European Bank for Reconstruction and Development (EBRD) has set a new landmark in its global climate response: financing well over 1 GW of new renewables capacity in 2017 with an expected reduction in CO2 emissions of 2 million tonnes a year. Full article…

Press Release: What makes buildings green

“Green” comes in many shapes and sizes, but rarely does it come bigger than in buildings. Buildings consume over one-third of the energy used worldwide, and in developed countries that rate is even higher, more than 40 per cent. At the same time, about one-third of global carbon emissions are generated in the building sector.

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Press Release: EBRD sustainable energy programme for Egypt awards best projects

The EBRD’s Egypt Sustainable Energy Financing Facility (EgyptSEFF), implemented by National Bank of Egypt (NBE), has recognised the best projects to highlight the successful completion of the pilot programme. Full article…

Press Release: Tbilisi Green City Action Plan approved by local authorities

Efforts to secure a clean and safe environment for the citizens of the Georgian capital Tbilisi will receive a major boost under a Green City Action Plan (GCAP) approved by the municipal authorities today. Full article…

Press Release: Green buildings key to build climate resilience

Green buildings represent a major global investment opportunity with buildings comprising the largest segment of the US$ 231 billion energy efficiency market, an EBRD publication launched today finds. Full article…

Press Release: MDBs increase 2016 financing to tackle climate challenge

The world’s six largest multilateral development banks (MDBs) continued to make a strong contribution to the global climate challenge in 2016, increasing their climate financing in developing countries and emerging economies last year to US$ 27.4 billion from US$ 25 billion in 2015. Full article…

Press Release: EBRD finances district heating in Ust-Kamenogorsk, Kazakhstan

The EBRD is increasing its support for municipalities in the regions of Kazakhstan with a new investment in East Kazakhstan: the modernisation of the district heating system of the city of Ust-Kamenogorsk. The investment will improve energy efficiency, reduce heat loss and optimise operations. The implementation will have a tangible impact on people’s lives as customers will benefit from better quality of supply, which is essential in a region where winter temperatures tend to drop as low as minus 20 degrees Celsius in winter. Full article…

Press Release: EBRD receives strong backing for climate change work during Korea visit

The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, gained strong backing for the EBRD’s work in the green economy during a visit to the Republic of Korea. The President held meetings with the Korean government and the Green Climate Fund (GCF), which is based in Korea. Full article…

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