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.
EBRD has just approved Phase 3 of its Sustainable Energy Initiative (SEI) which focuses on energy efficiency and renewable energy. Since its launch, EBRD SEI finance between 2006 and 2011 reached $11 billion for 464 projects. For more information see: SUSTAINABLE ENERGY INITIATIVE (SEI), European Bank for Reconstruction and Development
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure
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
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.
Sustainable Development Goals and targets
Resources devoted to implementation
Financing (in USD)