• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Bankwatch

  • About us
    • Our vision
    • Who we are
    • 30 years of Bankwatch
    • Donors & finances
    • Get involved
  • What we do
    • Campaign areas
      • Beyond fossil fuels
      • Rights, democracy and development
      • Finance and biodiversity
      • Funding the energy transformation
      • Cities for People
    • Institutions we monitor
      • European Bank for Reconstruction and Development
      • European Investment Bank
      • Asian Infrastructure Investment Bank
      • Asian Development Bank (ADB)
      • EU funds
    • Our projects
    • Success stories
  • Publications
  • News
    • Blog posts
    • Press releases
    • Stories
    • Podcast
    • Us in the media
    • Videos
Home > Publications > CEE Bankwatch Network comments on the EBRD’s draft GET 2.0

CEE Bankwatch Network comments on the EBRD’s draft GET 2.0

CEE Bankwatch Network comments on the EBRD’s draft GET 2.0

Policy comments    |    3 June 2020

Download

In order to address the ongoing climate emergency, the EBRD urgently needs to commit to halting fossil fuel lending, as the EIB did in 2019. There is no more room for investing in fossil fuel infrastructure. All efforts must now go towards sustainable decarbonisation and energy savings. Throughout the EBRD’s GET II documentation, the term “low-carbon” needs to be replaced with “carbon neutral” or “zero carbon”. The EBRD should also explicitly recognise and mention the shortcomings of existing NDCs – on the global level they would not allow the 1.5​ o​ C goal under Paris Agreement to be achieved – and thus commit to go beyond existing NDCs. As a primarily European-owned bank such as the EBRD would be among the first to adopt EU Taxonomy criteria on sustainable investments once it is officially adopted.

Download
Institution: EBRD

Theme: Green economy

Tags: #coalfreeEBRD | EBRD

Never miss an update

We expose the risks of international public finance and bring critical updates from the ground. We believe that the billions of public money should work for people and the environment.

More about our work

More about us

STAY INFORMED





Footer

CEE Bankwatch Network gratefully acknowledges EU funding support.

The content of this website is the sole responsibility of CEE Bankwatch Network and can under no circumstances be regarded as reflecting the position of the European Union.

Unless otherwise noted, the content on this website is licensed under a Creative Commons BY-SA 4.0 License

Your personal data collected on the website is governed by the present Privacy Policy.

Get in touch with us

  • Bluesky
  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • YouTube