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TunisiaEuropean Bank for Reconstruction and Development sets out ambition to be majority green investor by 2025
The European Bank for Reconstruction and Development (EBRD) is poised to reinforce its position as a leader in green finance with an ambitious plan to broaden and deepen its climate activities and become a majority green bank by 2025.
The EBRD’s new Green Economy Transition (GET) approach for 2021-25 forms part of the Bank’s overall strategy for the next five years, going to the Board of Governors for approval at the EBRD Annual Meeting on 7-8 October. If approved, GET 2021-25 will be the EBRD’s new blueprint for supporting its countries of operation pursue a green, inclusive and resilient recover from the impact of the pandemic.
GET 2021-25 offers more than a higher target percentage of green investments. It also commits the EBRD to focus on aligning with the Paris Agreement goals, with a decision on full alignment to be considered within the next two years.
Another focus is enhancing policy engagement to develop long-term decarbonisation and resilience pathways.
The new GET 2021-25 approach will also broaden the range of the Bank’s green investments by innovating across a range of thematic action areas including energy efficiency, adaptation, green financial systems, industrial decarbonisation, sustainable food systems, energy systems integration, cities and environmental infrastructure, sustainable connectivity, green buildings and natural capital.
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Egypt
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Jordan
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Lebanon
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Morocco
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Palestine *
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Tunisia
