European Bank for Reconstruction and Development


  • Type International
  • Date of accreditation 09 Jul 2015

The European Bank for Reconstruction and Development (EBRD) is an international entity with the mandate to promote transition towards a sustainable, open market economy and to foster innovation. Its work includes project investment, technical assistance, institutional capacity-building, and policy advisory services with a regional focus on Central Asia, south east Mediterranean, and Eastern Europe. The work of EBRD is strongly focused on the private sector and micro, small and medium-sized enterprises, and uses a broad range of financing instruments, mainly loans, equity investments and guarantees. The areas of investment for mitigation activities are energy efficiency, infrastructure, the power sector, renewable energy, sustainable energy financing facilities and carbon market development. The areas of investment for adaptation activities are water supplies, water efficiency, hydropower, and coastal and port infrastructure. EBRD sought accreditation to support the paradigm shift objective of the GCF by delivering effective, transformational and innovative mechanisms with sustainable development impact.

  • Size
    • Micro
    • Small
    • Medium
    • Large
  • Environmental and social risk category
    • Category C
    • Category B
    • Category A
    • Intermediation 3
    • Intermediation 2
    • Intermediation 1
  • Fiduciary standards
    • Basic
    • Project management
    • Grant award
    • On-lending/blending:
    • Loan
    • Equity
    • Guarantee
    • Blending



Multiple countries

High Impact Programme for the Corporate Sector


Multiple countries

Green Cities Facility



GCF-EBRD Kazakhstan Renewables Framework



The Saïss Water Conservation Project



Tajikistan: Scaling Up Hydropower Sector Climate Resilience



GCF-EBRD Egypt Renewable Energy Financing Framework


Multiple countries

GCF-EBRD SEFF Co-financing Programme


News + Stories

EBRD-GCF Green Cities Facility Takes a Major Step Forward

30 Apr 2020 / A joint investment by the Green Climate Fund (GCF) and the European Bank for Reconstruction and Development (EBRD) will modernise the metro in Georgia's capital, kicking off an initiative to support low-carbon, climate-resilient urban development. The project is the first to be jointly co-financed by GCF and EBRD as part of the Green Cities Facility, which prioritises sustainable, green investment. Improving the resilience of vital urban infrastructure is essential to response to and recovery from the coronavirus pandemic.

Green Climate Fund and its partners launch the Alliance for Hydromet Development

10 Dec 2019 / Twelve international organisations providing assistance to developing countries came together at COP25 today to launch the Alliance for Hydromet Development. As a founding member, the Green Climate Fund (GCF) joined the Alliance to unite efforts to close the capacity gap on early warnings and climate information by 2030.

Ministers call for successful GCF replenishment at HLPF

15 Jul 2019 / Panellists at the Green Climate Fund (GCF) high-level event at the UN High-level Political Forum on Sustainable Development (HLPF) in New York recognised the Fund’s critical role in helping developing countries meet their commitments under the Paris Agreement and called for an ambitious GCF replenishment.

GCF invests USD 99 million in EBRD Green Cities Facility to reduce urban climate impacts

03 Jul 2019 / The Green Climate Fund (GCF) took a major step forward today to help make redesigned cities drivers of climate action with the signing of an agreement with funding partner EBRD. Cities have a vital role in achieving the Paris Agreement to keep temperature rises below 2C with a goal to limit warming below 1.5C as they account for 70 percent of global energy use and 75 percent of greenhouse gas emissions.

The role of the banking sector in the fight against climate change

07 Dec 2018 / GCF hosted an event on green banking and the overall role that the banking sector can play in addressing climate change at the sidelines of COP24 in Katowice. Speakers from EBRD, IFC, UNFCCC, RMI and the Green Investment Group agreed that the sector has potential for substantial impact in driving decarbonisation of the economy, but the fit for purpose regulatory environment should be in place. Alzbeta Klein, Director of Climate Business Department at IFC, recognised recent positive developments of including climate change as an important element of banking supervision.

Climate finance drives down renewable price in Egypt by half

16 Oct 2018 / A timely Green Climate Fund (GCF) investment has helped halve the cost of producing renewable energy in Egypt by using new ways to capture private finance flows.

Energy transition accelerates with GCF support

29 Jun 2018 / GCF releases USD 86.7 million for Kazakhstan project with EBRD, building on an existing project partnership in Egypt.

GCF gives green light to largest climate project to date in EBRD partnership

14 Nov 2017 / GCF will start funding its largest climate finance investment to date following an agreement signed with the EBRD.

GCF joins European Bank for Reconstruction and Development to bolster Moroccan adaptation

14 Nov 2017 / GCF and EBRD have deepened their cooperation on climate change by making Moroccan agriculture more resilient.

GCF invests USD 65.8M for Egypt renewable energy project; reaches USD 100M disbursement milestone

18 Oct 2017 / GCF has transferred the first tranche of climate finance under the Egypt Renewable Energy Financing Framework.


Mr. Alexis Franke
Principal Manager | Deputy Pillar Head Donor Co-Financing
Mr. Jan-Willem Van de Ven
Associate Director, Energy Efficiency and Climate Change
One Exchange Square, London, United Kingdom
Phone +44 20 7338 7821