BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) has just announced the adoption of a Green Economy Transition approach which will increase the level of the Bank’s financing in the sphere of sustainable resources to some 18 billion euros over the next five years.
“The new approach is in part our response to this year’s appeal by G7 leaders for multilateral development banks such as ourselves to ‘use to the fullest extent possible their balance sheets’ to deliver climate finance and speed up the transition to low carbon economies,” Josué Tanaka, the EBRD’s Managing Director, Operational Strategy and …read more
Source: The Times of Central Asia
