The Paris Agreement

The EBRD and the Paris Agreement

The EBRD is fully dedicated to supporting the economies in which it invests to meet their goals and commitments under the Paris Agreement . In July 2020, the EBRD set out its GET Approach 2021-2025 building on its work supporting a Green Economy Transition in the EBRD regions. As part of GET 2.1 the EBRD committed to “aligning its activities with the principles of international climate agreements, including principally the Paris Agreement”.

The EBRD’s approach to aligning its activities with the Paris Agreement (“Paris alignment”) is an integral part of the Bank’s activities to support the climate action of the economies in which it invests. This support is delivered through a combination of policy and investment activities.

The EBRD has worked with other Multilateral Development Banks (MDBs) to develop an operational framework for Paris alignment. This joint MDB approach is based on six building blocks, seen as the core areas for alignment with the objectives of the Paris Agreement: 

  • alignment with mitigation goals;
  • adaptation and climate-resilient operations;
  • accelerated contribution to the transition through climate finance;
  • strategy, engagement and policy development;
  • reporting;
  • and alignment of internal activities (for example, administration, procurement and treasury).

From the end of 2022, all of the EBRD’s activities will be aligned with the Paris Agreement, a decision approved by our Board of Governors at our 2021 Annual Meeting.