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EBRD co-publishes new climate financing guide

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday (22 November) that it has co-published a new guide on sustainable finance investments.

The guide was launched in Bucharest on Wednesday to Romanian public and private corporates, investors, policymakers and other key market players.

Prepared by the Climate Bonds Initiative (Climate Bonds) and the European Bank for Reconstruction and Development and funded by the Green Climate Fund (GCF), the guide provides issuers with step-by-step guidance for issuing a credible Green, Social and Sustainability (GSS) bond to finance a corporate climate transition plan.

“EBRD is a climate finance champion with all our activities aligned with the Paris Agreement since 2023, and ambitious targets on green finance. We are committed to help our clients access and deploy innovative financial instruments for the climate transition and we hope the guide will advance this critical agenda in Romania and beyond,” said Victoria Zinchuk, EBRD Director for Romania.

The guide is aligned with the standards and guidelines of Climate Bonds and the International Capital Market Association (ICMA), the EBRD noted in a press release.

“We stand at a pivotal juncture where emerging markets start to craft sustainable and resilient economic models. The new guide signifies a critical stride in furnishing Romania and Eastern European corporates with the necessary insights to navigate the sustainable finance landscape. It is designed to usher in a wave of informed decision-making to foster the climate transition,” said Sean Kidney, CEO and founder of Climate Bonds.

GCF is the world’s largest climate fund, mandated to support developing countries raise and realise their Nationally Determined Contribution (NDC) ambitions towards low-emission, climate-resilient pathways. Climate Bonds is an international organisation working to mobilise global capital for climate action. The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, assets, and whole entities. The scheme is used globally by bond issuers, governments, investors, and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

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