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Missing sustainability: The EBRD’s controversial energy lending in Ukraine (2006-2013)

Study    |    20 December 2013

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While the EBRD’s founding document require it to “promote in the full range of its activities environmentally sound and sustainable development” more than half of the bank’s energy investments in Ukraine for the period 2006-2013 hardly served the purpose of sustainable development promotion. In this period the EBRD has supported nuclear energy production and new output capacities for nuclear power plants, export-oriented infrastructure, as well as controversial initiatives in the renewable energy sector.

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