• The European Bank for Reconstruction and Development will scale cumulative green financing to at least €150 billion ($162 billion) by 2030 under its new strategy.
• At least 50% of the Bank’s annual business volume will be directed toward green investments across energy, industry, agrifood, transport, urban and financial systems.
• The plan strengthens climate mitigation, resilience and nature investments across emerging markets facing rising climate risks.

The European Bank for Reconstruction and Development has approved a new Green Economy Transition Strategy covering the period from 2026 to 2030, setting a more ambitious direction for climate finance and private sector investment across its regions of operation.

Adopted by the Bank’s Board of Directors, the strategy will form part of the institution’s broader Strategic and Capital Framework for 2026 to 2030. It defines how the multilateral lender plans to accelerate the green transition in emerging economies while maintaining economic competitiveness and energy security.

Central to the strategy is a commitment to mobilise at least €150 billion ($162 billion) in cumulative green financing by the end of the decade. The target includes both direct investments from the Bank and capital mobilised from private sector partners.

The initiative comes as many of the Bank’s countries of operation face rising exposure to climate impacts while also navigating energy security concerns, industrial transformation and growing pressure to align with global climate frameworks.

Six Core Systems To Drive Economic Transformation

The strategy concentrates investments across six economic systems seen as central to the green transition: energy, industry, agrifood, transport, urban development and financial systems.

By targeting these interconnected sectors, the EBRD aims to accelerate structural economic changes that reduce emissions while strengthening market competitiveness and resilience.

The Bank will continue dedicating at least 50 percent of its annual business volume to green finance. It also plans to increase the number of projects incorporating climate resilience components by 50 percent and expand investments that deliver nature-positive outcomes.

The approach reflects the Bank’s long standing model of combining financing with policy reform, technical expertise and private capital mobilisation. Many of its investments support market reforms designed to unlock larger pools of private investment in climate and infrastructure projects.

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Rising Climate Risks Across Emerging Markets

The strategy responds directly to rising climate risks across the EBRD’s regions, which span Central and Eastern Europe, Central Asia, the Western Balkans, the Middle East and North Africa.

EBRD President Odile Renaud-Basso said the institution’s new approach aims to remove market barriers while helping economies manage the physical and economic consequences of climate change. “Our countries of operations are increasingly exposed to impacts of climate change. By removing market barriers and accelerating greener approaches in energy, industry, agrifood, transport, cities and finance – the six core economic systems at the heart of our GET strategy – we are responding to our clients’ demands to support their green transition. This enables them to mitigate climate change effects, while strengthening competitiveness and improving the countries’ energy access, affordability and security.”

The Bank has already established a strong track record in climate finance. Since 2006, it has invested more than €75 billion in green projects ranging from renewable energy and energy efficiency to sustainable transport and climate resilient infrastructure.

Governance And Private Capital At The Core

The Green Economy Transition Strategy sits within the EBRD’s broader development framework for the next five years, where climate action stands alongside two additional priorities: strengthening economic governance and expanding human capital and equality of opportunity.

Digital technology and private sector mobilisation will act as the framework’s key enabling pillars.

This structure reflects the Bank’s longstanding emphasis on market-driven economic reform, with the majority of its financing directed toward private sector projects rather than sovereign lending.

In 2025, more than half of the Bank’s annual investments were already directed toward green projects, demonstrating sustained demand from clients across its regions.

Implications For Global Climate Finance

For investors and corporate leaders, the new strategy reinforces the growing role of development banks in shaping climate investment pipelines across emerging markets.

The EBRD’s commitment to mobilise €150 billion in green financing could help unlock large scale private capital for renewable energy, low carbon industry, sustainable agriculture and climate resilient infrastructure in regions often underserved by global capital markets.

At the same time, the strategy reflects a broader shift among multilateral lenders toward system level transformation rather than isolated projects.

With emerging economies expected to drive much of the world’s future energy demand and emissions growth, the EBRD’s expanded climate mandate positions it as a key financial bridge between global climate ambitions and real economy investment across developing markets.

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