EBRD to continue supporting climate resilience

The European Bank for Reconstruction and Development (EBRD) has announced it will continue supporting climate resilience projects in 2016. The London-based bank stated its plans will keep focusing on tackling […]

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By Jacqueline Echevarria

The European Bank for Reconstruction and Development (EBRD) has announced it will continue supporting climate resilience projects in 2016.

The London-based bank stated its plans will keep focusing on tackling climate change by making investments and supporting policies.

The EBRD claims this year it has invested “strongly” and supported its regions with decisions which prepares the bank and the countries where it works “for the challenges of the future”.

The bank has commited to invest €18 million (£12.9m) to combat climate change by 2020.

Some of the investments the bank has made in 2015 have been to support the energy and climate sector in Morocco, Turkey and Ukraine.