EBRD to Stop Financing HPPs in Protected Areas – Exit – Explaining Albania

28 May 2019, Exit

The European Bank for Reconstruction and Development (EBRD) has announced that starting from January 1, 2020 it will not finance hydropower plants (HPP) projects in areas with high biodiversity. EBRD’s new environmental and social policy sets stricter conditions for financing HPP projects, including higher transparency and standards for environmental protection. It will also require commercial banks to set

Source: EBRD to Stop Financing HPPs in Protected Areas – Exit – Explaining Albania