Bloomberg News

EBRD to Finance 25 Billion Euros of Sustainable-Energy Projects

May 18, 2012

The European Bank for Reconstruction and Development plans to fund sustainable-energy projects valued at as much as 25 billion euros ($32 billion) over three years.

The next phase of the EBRD’s Sustainable Energy Initiative is aimed at delivering an annual reduction in carbon emissions in its countries of operations as large as 32 million metric tons, the bank said today in an e-mailed statement.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net


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