The EBRD hit ambitious targets for climate finance well ahead of schedule in 2017 and its total annual investment reached a new record high, as the Bank delivered positive change across a growing number of emerging economies.
Financing for the green economy rose from €2.8 billion in 2016 to €4.1 billion, accounting for 43% of total financing in 2017. The Bank had pledged, ahead of the 2015 Paris Agreement, to devote 40% of its financing to green investment by 2020. This goal has been met three years early.
For the EBRD, 2017 was another year of rising investment and delivery – the fourth since 2014. Total annual EBRD financing across all economic sectors rose to a new record of €9.7 billion in 2017, from €9.4 billion in 2016. The number of individual EBRD projects in 2017 rose to a new high of 412, from 378 in 2016.
EBRD President Sir Suma Chakrabarti said: “The Bank’s performance in 2017 bolsters our already strong foundations and our capacity to manage both the challenges and the opportunities ahead. We are in excellent operational health and have every reason to look to the future with confidence.”
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