REPORT ON THE EBRD’S PROGRESS TOWARDS ITS RENEWABLE ENERGY AND ENERGY EFFICIENCY TARGET
Publisher: CEE Bankwatch Network
Volume: 5 pages, pdf
Description:
There are promising indicators that the EBRD is reaching toward the target it has set for investments in energy efficiency and renewable energy projects. A total of 12 projects signed in 2006 target energy efficiency, there is one renewable energy project and one project covering both energy efficiency and renewable energy. The total amount invested in these sectors was approximately EUR 380 million. A successful instrument to fund energy efficiency and renewable energy projects has been implemented in one of the bank’s countries of operation – Bulgaria – but has not been replicated in other countries to date. One downside is we could not identify sustainability criteria being used by the EBRD in the case of renewable energy projects.