Using the European Bank for Reconstruction and Development (EBRD) as an example, this Working Paper considers: (i) the promotion of low-carbon technologies and investments, including in renewable energy; and, (ii) law and governance measures that can signal changes in the global marketplace. The paper describes how, within its mandate, the EBRD has taken initiatives on energy efficiency and climate change, and types of financing used in EBRD operations, highlighting the importance of bottom-up approaches in climate financing.
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