EBRD turns to carbon pricing for future project assessments
The European development bank will amend its methodology to determine the financial viability of energy projects. Putting a price on the environmental and societal effects of air pollution, the EBRD is likely to funnel more funds into renewables.
EBRD inks loan agreement for 100 MW in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) and Joachim Goldbeck Holding GmbH have joined forces for the construction of a 100 MW in the Karaganda region of Kazakhstan.
Renewables are now the cheapest source of energy, says EBRD
Announcing its participation at the FT Climate Finance Summit in London, the bank says that through targeted financial commitments, increasing competition and progressive policy changes, prices for renewable energy resources have come down to US$0.025/ kWh in Egypt and Jordan, for example. The bank calls for a change in investment practices to further this development.
