EBRD Fossil Fuel Investments Undermine Progress on the Green Economy Transition
Briefing | 3 June 2020
Our new report analyses energy-related 6 projects 7 across the entire decade (2010-2019), with a focus on new data from 2018 and 2019, to see how the picture looks with respect to the green transition. Our findings show a continuation of the previous trends: in the past two years (2018 and 2019), the EBRD continued to increase lending for renewables (which are not necessarily all positive from a sustainability standpoint) while maintaining fossil fuel lending as a consistent part of its portfolio. In 2018, fossil fuel lending was higher than it had been in the past decade, but 2019 was the first year where support for renewables surpassed that for fossil fuels.