Tug of War: Fossil fuels vs. green energy at the EBRD

The briefing summarises the findings of the Bankwatch study 'Tug of War: Fossil fuels vs. green energy at the EBRD'. The study shows that almost half of the 6.7 billion euros lent to energy related projects by the European Bank for Reconstruction and Development (EBRD) between 2006-2011 goes to support for fossil fuels. This will prevent the bank's commendable efforts to increase lending to new renewables and energy efficiency from actually making a difference in the global fight against climate change.

The study is available for download as pdf.