- Kharkiv joins EBRD Green Cities programme
- Seventh city in Ukraine to join flagship urban sustainability programme
- Bank ready to finance public transport infrastructure system upgrades
Ukraine’s second-largest city, Kharkiv, is accelerating its investment in green solutions by joining EBRD Green Cities, the European Bank for Reconstruction and Development (EBRD)’s flagship urban sustainability programme.
In a memorandum of understanding signed today, Kharkiv committed to developing a tailor-made Green City Action Plan that will shape the response to its environmental needs and allow the city to build a better and more sustainable future for its residents.
The memorandum was signed by the Secretary of the Kharkiv City Council, Ihor Terekhov, and EBRD Deputy Head of Ukraine, Sustainable Infrastructure, Mark Magaletsky.
Kharkiv, located in the north east of the country, has a population of 1.5 million. It is the seventh Ukrainian city to join the €3 billion Green Cities programme, following Lviv, Kyiv, Mariupol, Khmelnitskiy, Kryvyi Rih and Dnipro. Ukraine has more participating cities than any other economy where the EBRD invests. Kharkiv will become the 51st EBRD green city.
As part of the Green Cities programme, the EBRD and other finance providers will be available to finance upgrades of solid waste management, water and wastewater, urban roads and lighting, urban transport, public building energy efficiency, renewable energy and power infrastructure energy efficiency. As a first step, the Bank will now support the city in designing an action plan which identifies priorities and develops a roadmap for implementation.
The EBRD Green Cities programme was created to offer cities tangible support to improve the quality of life of their residents. All participating cities embark on a trigger project to improve their local environment. Then, with the EBRD’s help, they develop an action plan to identify further investment and policy changes that are best suited to their needs.
To date, the EBRD has invested more than €15 billion in 505 projects in Ukraine, with a focus on assisting its stabilisation, anchoring its reforms, strengthening energy efficiency and energy security, and supporting agricultural and industrial projects, as well as smaller businesses. Greening the economies where it invests is among the Bank’s top priorities.
Globally, cities account for three-quarters of greenhouse gas emissions and represent an opportunity to tackle climate change. EBRD Green Cities, set up in 2016, helps each member city to tailor solutions to its environmental needs with a unique combination of measures designed to move towards a lower-carbon and more liveable future.