EBRD is proactive when it comes to sustainability.
Environmentally sound and sustainable development is central to the the Bank's mandate. It promotes sustainability throughout its activities and has made it a core element of its work.
Featured in The Banker, EBRD President Odile Renaud-Basso outlines the Bank's ambitious sustainability plan that states that by 2025, the majority of EBRD investment activity will be dedicated to green projects.
"Our vision is to support the advance to green, low carbon and resilient economies in our regions of operation, leveraging our strong track record in financing green investments," explains Odile.
EBRD's Green Economy Transition (GET) underpins the Bank's approach for helping economies where the EBRD works build green, low carbon and resilient economies. GET takes into account the context brought about by COVID‐19 highlighting areas of opportunity to support a green recovery. It also builds on the EBRD’s long track record of financing green investments, such as the 1.8-gigawatt solar park in Benban in Egypt.
"GET 2021-25 offers a clear and structured roadmap towards a sustainable future. We are now entering the decade identified by the 2018 IPCC report as the time in which key changes must be made to allow global temperature rises to be kept below 2 degrees Celsius and, if possible, to 1.5 degrees, making it necessary to accelerate the green transition. If we fail, the consequences are disastrous," explains Odile.
Read the full article here.
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