EBRD and Green Climate Fund

Recognising the scale of investment necessary to limit global temperature rise to below 2 degrees Celsius, the Green Climate Fund (GCF) was created to support developing countries in mitigating and adapting to the challenges posed by climate change. The GCF is therefore a critical element instrument of the historic Paris Agreement. The EBRD and the GCF have been working together since 2017 to respond rapidly and effectively to these challenges for the benefit of millions of people.

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Together, the GCF and the EBRD are unlocking the necessary financial and technical forces to support green, transformational investments in developing countries. Building on EBRD’s unique private sector mandate, the EBRD-GCF partnership is well positioned to support the global effort in mobilising the required investments for climate action. The GCF and EBRD are supporting climate change mitigation and adaptation projects across 14 countries. The EBRD’s accreditation became effective on 11 May 2017.

Overall, the GCF Board approved eight EBRD-funded activities for a total GCF contribution over USD 1.2 billion, supporting climate adaptation and mitigation projects across 16 countries and three continents – with two now completed, and six under implementation. The EBRD is thereby expected to leverage around USD 4 billion in climate co-finance from the public and private sector. From greening cities, to advancing the energy transition in Egypt and Kazakhstan or ensuring climate finance reaches small and medium sized enterprises, EBRD and GCF cooperation will benefit over 35 million people and save over 90 million tonnes in CO2 equivalent, all while performing strongly on gender and economic inclusion.

Success story: the EBRD and the GCF help the Moldovan capital to rehabilitate River Bic and transform it into an attractive asset for its residents.

Environmental and Social Management System (English)

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EBRD and Green Climate Fund

Success story: the EBRD and the GCF help the Moldovan capital to rehabilitate River Bic and transform it into an attractive asset for its residents.

Funded Activity: FP309 ’Resilient Water Systems for All (RWS4All): Deep Adaptation Pathways for Water Infrastructure in Kyrgyz Republic and Tajikistan

Funded Activity: FP253 'Greening the Financial Systems: Delivering Climate Finance for All'

Funded Activity: FP140 'High Impact Programme for the Corporate Sector'

Funded Activity: FP086 'Green Cities Facility'

Funded Activity: FP047 'GCF-EBRD Kazakhstan Renewables Framework'

Funded Activity: FP043 “Saïss Water Conservation Project”

Funded Activity: FP040 “Tajikistan: Scaling up hydropower sector climate resilience”

Funded Activity: FP039 “GCF-EBRD Egypt Renewable Energy Financing Framework”

Funded Activity: FP025 “GCF-EBRD SEFF Co-financing Programme”

Success story: Together with the GCF and the EU, we are investing in water-related infrastructure in Morocco. It will preserve the environment and protect the water table in the area.

Annual Performance Reports