MDB climate finance investment hits $66m in 2020

Throughout the last decade, MDBs have jointly given $257bn of climate finance to accelerate global decarbonisation

EBRD to help Kazakhstan’s power sector achieve carbon neutrality by 2060

They will work together on the development of renewable energy and the carbon market, the enhancement of the electrical grid and the decommissioning of old thermal capacity, among other things

EBRD, EU and partners join forces to green Egyptian businesses

Two programmes worth €220 million will offer sub-loans to businesses for green investments in energy, water and resource-efficient solutions

EBRD launches mobile app to help businesses find green technologies

Corporates can navigate through a range of offerings to find solutions to improve energy efficiency and increase their use of renewable energy

Public buildings in Sarajevo to become energy-efficient with €10m package from EU bank

The funding will support the refurbishment of 40 buildings in the capital of Bosnia and Herzegovina

Finance
EBRD considers making half of its annual investments green by 2025

The bank says an updated climate plan would further its climate and environmental finance and support a ‘green, low carbon and resilient future’

EV battery gigafactory in Poland granted €250m

The €2.8bn LG Chem facility in Wrocław is expected to have a total production capacity of around 65GWh to 70GWh a year by 2022

New $30m loan to support business energy efficiency in Egypt

They will cover investments in technologies such as thermal insulation, solar panels, geothermal heat pumps and water-efficient irrigation systems

Electricity pylons
EU grants €40m for Moldova-Romania power link

The interconnector, scheduled to be completed by 2024, is expected to considerably enhance the stability and reliability of Moldova’s electricity supply

Serbia’s ‘largest’ onshore wind farm powers up

It consists of 38 turbines and has a total capacity of 104MW