The EBRD, supported by the InvestEU program, will allocate more than €1.1 billion to invest in sustainable infrastructure, the green economy and digital transformation

Plan działania na rzecz lepszego

The European Bank for Reconstruction and Development (EBRD) and the European Commission, working together under the InvestEU program, will allocate more than €1.1 billion to finance investments aimed at improving sustainability and minimizing human impact on the environment.

On March 24, 2023 InvestEU’s Investment Committee approved guarantees worth €150 million. They take the form of framework agreements for EBRD operations and are the first part of the financing. They result from an InvestEU guarantee agreement signed by the European Commission and the bank with a final value of 450 million euros.

Funding from the EBRD for projects supporting the achievement of full environmental potential will be available to apply for, among others. in Bulgaria, Croatia, the Czech Republic, Estonia, Greece, Poland, Romania, Slovakia, Slovenia, as well as in Lithuania, Latvia and Hungary. Another influx of money is expected to spur green and sustainable investments in the transportation and energy sectors, as well as in many areas at the municipal level. Projects for which funding will be available include energy efficiency and conservation in industry and commerce, closed-loop economy and recycling initiatives, construction of green buildings, sustainable food production, renewable energy generation, energy storage and grid construction, water and wastewater management, and low-carbon and urban transportation.

Financial institutions will be able to provide loans to cover the cost of investments in the areas of sustainable transportation, energy efficiency, renewable energy generation and residential construction. This will save energy and reduce CO2 emissions in the construction and transportation sectors. Assistance from the EBRD’s InvestEU will also be provided for green investments in broad industrial and infrastructure design.

The InvestEU program provides long-term financing by raising substantial private and public funds to support sustainable reconstruction. It also helps mobilize private investment in support of EU policy priorities, such as the European Green Deal and digital transformation. The InvestEU program consists of three components: The Fund, the Advisory Center and the portal.

The EBRD is an international financial institution that supports private sector development and entrepreneurial initiatives. The bank is owned by 71 countries, as well as the EU and the European Investment Bank. The EBRD finances the drive toward an open market economy and supports investments to make the countries in which it operates socially favorable, competitive, well-managed, green, resilient and integrated.

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