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.
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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.