Europe Invests $13B in Renewables
“From Turkey to Russia, from Mongolia to Slovakia we are working with industries, utilities, municipalities and households to enhance their energy efficiency. The EBRD has proven over the years that energy efficiency makes good business sense.”
Josué Tanaka, managing director for energy efficiency and climate change, EBRD, said: “With this financial milestone of €10 billion of EBRD sustainable energy financing, we demonstrate that even in a difficult context there is a strong opportunity to assist small and large corporations in reducing their costs and enhancing their competitiveness.” EBRD is set to fund between €5 to €6 billion on energy efficiency and renewable energy between 2012 to 2014.
Publication date: 11/26/2012