Home Database Organisations European Bank for Reconstruction and Development (EBRD)
Organisation

European Bank for Reconstruction and Development (EBRD)

Description:

The European Bank for Reconstruction and Development is an international financial institution that supports projects from central Europe to central Asia, including the following EEA member and cooperating countries: Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus Estonia, Greece, Hungary, Kosovo, Latvia, Lithuania, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia and Turkey. The EBRD is owned by 63 countries, the EU and the European Investment Bank.

Many of the countries in which the EBRD operates are particularly vulnerable to climate change. This is in part because of their geographical location and characteristics, but also a consequence of historic under-investment, which has resulted in aging infrastructure and facilities that are less able to withstand changes in climatic conditions.

The bank fosters transition towards open and democratic market economies through investment and technical cooperation. The Bank invests primarily in private sector clients whose needs cannot be fully met by the market, by providing loans, equity participation and guarantees to companies of all sizes and in a wide range of sectors. 

The EBRD supports its clients in identifying those climate change impacts that are likely to affect their operations. This is expected to lead to the formulation of adaptation strategies that increase resilience through improved practices, and investments in measures and technologies that are better suited to a changing and more variable climate, and which reduce long-term risk.

The EBRD’s work on climate change adaptation reaches many sectors of the economy, such as water supplies, hydropower generation, coastal infrastructure and water-intensive industries such as agribusiness and mining. Investments in making these sectors climate resilient can help businesses to reduce costs and increase competitiveness over the lifetime of the projects and avoid stranded assets.

 

 

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Published in Climate-ADAPT Jun 07 2016   -   Last Modified in Climate-ADAPT Dec 07 2021

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