Improving evaluability to improve impact, is the EBRD on track? Phase 1: Evaluability Assessment of the EBRD’s Green Economy Transition

Evaluability is essential in helping EBRD contribute effectively to fight climate change. Effective monitoring of results and progress will help the EBRD tell its green finance story clearly and credibly. The objective of this report is to provide an initial evaluability assessment of the EBRD’s Green Economy Transition to present suggestions to enhance the Bank’s approach to measure the impact of its green financing.

Evaluability is essential in helping EBRD contribute effectively to fight climate change. Effective monitoring of results and progress will help the EBRD tell its green finance story clearly and credibly.

•  In the context of mounting concerns about irreversible damages that climate change is bringing about to the planet and its ecosystems, and other forms of environmental pollution, the EBRD has taken a strong position to help fight the climate change crisis and become a “green bank.”
• With the risk of “green washing” on everybody’s mind, it is essential that EBRD makes a special effort to monitor and evaluate its activities and results and that these results are seen as credible meaningful. 
• The focus of this evaluability assessment is on providing suggestions to improve evaluability of the Bank’s approach to Green Finance and is intended to support the EBRD’s efforts in improving its ability to tracking its green commitments