US$ 135 million in GEF grants expected to support US$ 1.5 billion of EBRD green finance

The European Bank for Reconstruction and Development (EBRD) promotes green economies in all the regions where it invests. Since 2004, it has developed strong cooperation with the Global Environment Facility (GEF) which has provided grants worth US$ 135 million for co-financing, technical cooperation and concessional finance to help the Bank address climate change and environmental degradation.

With the support of the GEF for projects ranging from renewable energy to energy efficiency and climate resilience, the EBRD is expected to invest up to US$ 1.5 billion to foster the transition to greener economies from Morocco to Mongolia, from Estonia to Egypt.

source EBRD


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