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October 2018
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Tuesday, 25 April 2017 09:00

EBRD signs accreditation agreement with Green Climate Fund

EBRD signs accreditation agreement with Green Climate Fund

The European Bank for Reconstruction and Development (EBRD) and Green Climate Fund (GCF) sealed an accord on Saturday that underscores the EBRD’s position as the largest single recipient of GCF resources and paves the way for more joint projects aimed at combating climate change in the Bank’s regions, Caspian Energy News (www.caspianenergy.net) reports with reference to EBRD.

At the GCF’s latest Board meeting two weeks ago, an allocation of US$ 240 million was approved for three EBRD projects. This takes the total GCF provision for green EBRD projects to US$ 618 million, or 26 per cent of total GCF resources approved so far.

More details: http://www.ebrd.com/news/2017/ebrd-signs-accreditation-agreement-with-green-climate-fund-.html

Person in charge of the newsline: Jeyhun Bayramov 

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