ERBD invest up to €5 billion in renewables stimulus

The EBRD says it aims to help mitigate the impact of climate change and counteract widespread energy wastage with energy efficiency projects and also to tap new sustainable sources of energy through investment in renewables.

The first stage of the EBRD's Sustainable Energy Initiative (SEI) was launched in May 2006 as a response to the rising challenges of climate change and involved investments in large-scale industrial energy efficiency, power sector and municipal infrastructure energy efficienc