Tag Archives: climate finance

Multilateral Banks Boost Climate Finance to Record $125 Billion in 2023, Doubling Private Sector Mobilization

(IN BRIEF) Multilateral development banks (MDBs) have reached a new milestone in climate finance, committing a record $125 billion in 2023. A significant portion, $74.7 billion, was allocated to low- and middle-income countries, primarily for climate mitigation and adaptation. High-income … Read the full press release

EBRD and Raiffeisen Bank Provide €110 Million for Major Solar Projects to Boost Romania’s Green Energy Expansion

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International have provided a €110 million financing package to build and operate two solar photovoltaic power plants in south-eastern Romania. These plants, with a combined capacity of … Read the full press release

European Investment Bank and Iberdrola to Drive Energy Transition with €1 Billion Agreement

(IN BRIEF) The European Investment Bank (EIB) and Iberdrola have signed a €1 billion financing agreement to accelerate the energy transition in Europe. The partnership aims to develop 19 solar power plants and 3 onshore wind farms in Spain, Portugal, … Read the full press release

Amanda Blanc, Group CEO Aviva PLC: We need to unlock trillions of private finance to speed up the transition to net zero

(PRESS RELEASE) LONDON, 11-Oct-2021 — /EuropaWire/ — Global financial services industry calls on G20 governments to help build a Net Zero economy and meet the goals of the Paris agreement ahead of COP26. The Call to Action includes specific policy … Read the full press release

The EBRD supports FT Climate Finance Summit in London

The EBRD’s message to governments: renewables are now cheapest source of energy The Bank’s renewable energy investments top €6 billion LONDON, 08-Oct-2018 — /EuropaWire/ —  The EBRD is urging a step change in levels of investment in renewable sources of … Read the full press release