Read the recent news about sustainable finance and green investing in EECA region in our October highlights..
SBInterview with AIFC Green Finance Centre
In our interview with Aigul Kussaliyeva, Chief Strategy Officer of the AIFC Green Finance Centre we discussed the questions about the specifics of the sustainable finance market in Kazakhstan and Central Asia and touched upon the perspectives of the green finance development in the region. Read the interview...
Towards a Green Economy in Moldova With a New Set of Green Growth
Indicators
The project by EU4Environment in Moldova will contribute to the preparation of the new Action Plan for the
Programme on the promotion of green economy for the years 2022-2024 and the development of the Environmental Strategy till 2030. Learn more...
The EDB approves its new Green and Social Debt Instruments Framework
The Eurasian Development Bank's newly approved Green and Social Debt Instruments Framework sets out the objectives
and remit for social and #greenbond issues, as well as the objectives and scope for raising finance via other forms of borrowing in #capitalmarkets (bilateral and syndicated loans, repos, and
derivative instruments). Learn more...
ADB Reaffirms Support for Uzbekistan’s Development
The projects and policies in Uzbekistan set to overcome COVID-19 challenges will continue receiving the support by the Asian
Development Bank along with the assistance for the acceleration of the country's green and inclusive economic recovery, mentioned ADB Vice-President Mr. Chen during the meeting with the
Government of Uzbekistan. Learn more...
States must raise hydrogen investment to help reach net zero - IEA
According to the International Energy Agency report, governments should work to get hydrogen into more sectors and
develop technologies to make it cheaper to produce with renewables. Now 17 governments have hydrogen strategies, while more than 20 others have announced they are developing plans. Learn more...
Moody’s assigns Baa1 rating to the EDB’s green bonds
Moody's Investors Service notes that the Eurasian Development Bank continued increasing the sustainable projects proportion, with
renewable projects being the largest share within its energy portfolio. Learn more...
EU launches first green bond with record size and demand
The 15-year green bond will finance the EU member states' environmentally beneficial projects as part of the bloc's COVID-19
recovery fund. The bond will comply with the International Capital Market Association's green bond principles, seen as the market standard. Learn more...
Nordex scoops 55MW Ukraine order
Nordex Group will supply 10 N149/5.X turbines for the 54.6MW Skolivska #windfarm near the city of Lviv in western #Ukraine. The company will maintain the turbines for a period of 15 years. Learn more...
EBRD provides new €23.5 million loan to Moldovan Railways
Additional EUR 23,5 million loan will by provided by the European Bank for Reconstruction and Development to the Moldovan
national railway operator Calea Ferată din Moldova to further upgrade railway infrastructure. Moldovan railways are also to launch a tender for an energy-management information system, for more
efficient, cost-saving energy planning and monitoring. Learn more...
Total Eren, Inaccess Ink Solar Monitoring Agreement
Total Eren signed solar monitoring agreement with Inaccess. Kazakhstan is among the countries where the monitoring of the operation
of solar PV plants is envisaged. Also, Inaccess will provide supervisory control, data acquisition (SCADA) and power plant control (PPC) systems. Learn more...
EBRD supports insulation materials maker in Uzbekistan
Carbon-neutral glass wool manufacturer Ecoclimat Group in Uzbekistan will receive an European Bank for Reconstruction and
Development (EBRD) USD 5 million loan to launch greenfield manufacturing facility, which will help reduce both the annual CO2 emissions by 85,000 tonnes and the energy demand in
buildings. Learn more...
EBRD and EU funding through TBC Bank to boost Georgian firms | TBC Bank inks EUR25 million loan agreement with EBRD
Funding will enable TBC Bank to finance long-term investments by
Georgian MSMEs in upgrading products and services in line with European standards. At least 70% of the European Bank for Reconstruction and Development EUR 25 million loan will be used to finance
investments in green technologies. Learn
more...
Kharkiv becomes an EBRD Green City
Ukraine’s second-largest city, Kharkiv joins EBRD Green Cities — the flagship sustainability programme of the European Bank for Reconstruction and
Development — to accelerate the city's investment in green solutions by committing to developing a tailor-made Green City Action Plan that will shape the response to the city's environmental
needs. Learn more...
Advisers appointed for 200MW wind project in Uzbekistan
India’s Synergy Consulting has been appointed as the transaction adviser (TA) for the procurement of a 200MW wind power project
in Uzbekistan. UK-based White & Case has been appointed as legal adviser, with Juru Energy and GOPA International Energy having been appointed as technical advisers for the 200MW wind
project. It is the country’s second competitively tendered utility-scale wind project after the first one. Learn more...
Updated Climate Commitments Ahead of COP26 Summit Fall Far Short, but Net-Zero Pledges Provide Hope
“Climate change is no longer a future problem. It is a now problem,” said Inger Andersen, Executive Director of UNEP. Learn more...
Armenia: Team Europe - EIB invest in safer, energy-efficient kindergartens and green transformation
EIB invests in refurbishment of six kindergartens in Yerevan, enhancing energy efficiency and earthquake resilience. Learn more...
EU4Environment supports Belarusian private small and medium-sized companies to expand their knowledge on the benefits of Eco-Industrial Parks
Within the European Union-funded EU4Environment Action, UNIDO advances the technical knowledge of managers and specialists from the private Belarusian companies residing in the Free Economic Zone (FEZ) “Minsk” on the key approaches of Eco-Industrial Parks (EIP) – resource-efficient and cleaner production (RECP) and industrial symbiosis (IS). Learn more...
Armenia: Team Europe - EIB invest in safer, energy-efficient kindergartens and green transformation
EIB invests in refurbishment of six kindergartens in Yerevan, enhancing energy efficiency and earthquake resilience. Learn more...
Crystal announced $3 million Subordinated Loan Agreement with BlueOrchard fund
Strengthened collaboration is a clear expression of both organizations’ shared priorities of providing financial inclusion services and developing entrepreneurship across Georgia during the Covid pandemic recovery process. Learn more...
EU4Environment encourages SMEs and private companies in Belarus to embrace Circular Economy practices
The first steps to introduce a business model of Circular Economy in the Republic of Belarus have been based on the adopted legal requirements for saving resources, for increasing energy efficiency and energy conservation, and the measures to promote the principles of “green” economy. Learn more...
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