Comments on the EBRD Draft Energy Sector Strategy

Policy comments    |    16 November 2018

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On 8 October the UN Intergovernmental Panel on Climate Change (IPCC) released its Special Report “Global Warming of 1.5oC”. The report warned that at the current level of climate commitments the world is on course for a disastrous 3 degrees Celsius of warming. It adds further urgency to the calls for the EBRD to shift its investments and to explicitly commit to end and support to fossil fuel energy projects. The Strategy needs to show more clearly that energy savings and demand response are the EBRD’s highest priority, both within the energy sector and beyond.