EBRD energy lending figures 2006-2009 - factsheet

Between 2006 and 2009 the EBRD lent around EUR 4.87 billion for energy projects across its 29 countries of operations in central and eastern Europe. These projects were either directly in the energy and natural resources sectors, or in other sectors such as industrial energy efficiency, or district heating.

Bankwatch's examination of the EBRD's own data leads to three main conclusions:

1. EBRD lending for fossil fuel (coal, oil and gas) projects has risen rapidly, and more than tripled between 2008 and 2009.
2. There has been concerted EBRD lending for energy efficiency projects - a welcome development.
3. Lending for renewable energy is increasing but remains at a low level.