The weakest link – the EBRD’s energy lending 2010-2016
Briefing | 11 December 2017
In 2018 the EBRD is due to review its Energy Strategy. Therefore this briefing updates our previous analysis to examine whether the bank’s investments are headed in a direction that is likely to contribute to a sustainable energy transformation. The result is more than disappointing. Despite commitments to help address the climate crisis, the European Bank for Reconstruction and Development awarded fossil fuel projects EUR 4.05 billion between 2010 and 2016 – more than double its support for renewable energy during the same period.
Institution: EBRD
Theme: Energy and climate
Project: Southern Gas Corridor / Euro-Caspian Mega Pipeline
Tags: Paris Agreement | carbon emissions | climate action | fossil fuels
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