Bankwatch

Tug of War: Fossil fuels versus green energy at the EBRD

Study    |    17 May 2012

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Our study shows that almost half of the 6.7 billion euros lent by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels. This will prevent the bank’s commendable efforts to increase lending to new renewables and energy efficiency from actually making a difference in the global fight against climate change.

Institution: EBRD

Theme: Energy & climate

Tags: EBRD | climate | energy | energy efficiency

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