Thursday, November 12, 2015

EBRD financing for sustainable energy has grown from 15% in 2005 to 34% in 2014.

For the first time the Bank’s investments in renewables overtook those for thermal power generation. Between 2006 and the end of 2014, the EBRD invested €16.4 billion in sustainable energy and climate change projects under the framework of the Sustainable Energy Initiative. Financing for renewable energy generation represented roughly 23 per cent or approximately €4 billion. 
Meanwhile, the Bank’s investments in the overall power sector over the same period amounted to €9.8 billion,  of which €3.65 billion  were invested in thermal power generation. Projects financed under the Sustainable Energy Initiative are estimated to reduce carbon dioxide emissions by 69 million tonnes of CO2 annually. Read more at http://www.ebrd.com/