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This voluntary initiative came from Sustainable Energy for All (SE4All)
EBRD has also set a target to achieve annual CO2 emission reduction target of 32 million tones on projects financed through SEI by 2014.
EBRD has set a sustainable energy financing target of $8 billion for the period 2012 to 2014 with a total investment target of $30 billion including cofinancing with other partners.
Resources devoted to implementation
Financing (in USD)
Work with broad range of partners including:Governments and private companies in countries of operations. Private companies active in sustainable energy projects including industrial corporates, banks, equity fund managers, utilities, renewable energy project developers. European Union. GEF. Climate Investment Funds. Bilateral donor governments supporting EBRD Sustainable Energy Initiative. UNIDO and UNEP
Description/achievement of initiative
EBRD has a sustainable energy financing target of $8 billion for the period 2012 to 2014 with a total investment target of $30 billion including cofinancing with partners which supports SE4ALL goals.