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The central theme of the European Bank for Reconstruction and Development’s (EBRD) Energy Sector Strategy is to accelerate the vital energy transition in the economies where the Bank operates, while ensuring that the transition drives economic growth and social development.
This new Energy Sector Strategy is consistent with the EBRD’s commitment to aligning its activities with the goals of the Paris Agreement and the Bank’s Strategic and Capital Framework (SCF) (which prioritises supporting the transition to a green, low-carbon economy, promoting equality of opportunity and accelerating the digital transition) and to achieving an annual green finance ratio of at least 50% by 2025.
Three key factors shape the strategic directions of the Energy Sector Strategy: the climate emergency, energy security and innovation. Both the climate emergency and energy security require an accelerated green energy transition: emissions must peak this decade and fall to net zero by mid-century. To achieve this, the world needs to electrify its economies and accelerate the provision of clean electricity. Innovation is key to unlocking decarbonisation solutions.