How the European Bank for Reconstruction and Development Can Shift Millions From Fossil Fuels to Clean Energy Through the Glasgow Commitment

This briefing by the International Institute for Sustainable Development analyzes how the European Bank for Reconstruction and Development (EBRD) can implement the Glasgow Statement to end international public finance for fossil fuels and redirect those funds toward clean energy.

• The European Bank for Reconstruction and Development (EBRD) has the potential to redirect EUR 741 million annually from fossil fuel international public finance toward a clean and just energy transition.
• The EBRD is encouraged to join the Glasgow Statement, a commitment signed by 39 governments and public finance institutions at COP 26 to prioritize public finance for clean energy and end support for fossil fuels.
• The EBRD has a specific window to implement these changes through an upcoming review of its energy strategy scheduled to occur after COP 27, complementing its existing pledge to align all activities with the Paris Agreement by the end of 2022.
• The briefing recommends that the EBRD sign the Glasgow Statement by COP 27 and subsequently implement a robust fossil fuel exclusion policy—including indirect support and gas power—to avoid fossil fuel lock-in.

APA

Madereel,, N. J. (2022). How the European Bank for Reconstruction and Development Can Shift Millions From Fossil Fuels to Clean Energy Through the Glasgow Commitment. International Institute for Sustainable Development. https://www.iisd.org/publications/brief/ebrd-shift-millions-fossil-fuels-clean-energy

Chicago

Madereel,, Natalie Jones,Enrique. How the European Bank for Reconstruction and Development Can Shift Millions From Fossil Fuels to Clean Energy Through the Glasgow Commitment. International Institute for Sustainable Development, 2022. https://www.iisd.org/publications/brief/ebrd-shift-millions-fossil-fuels-clean-energy.

Wikipedia

{{cite report |last1=Madereel, |first1=Natalie Jones,Enrique |title=How the European Bank for Reconstruction and Development Can Shift Millions From Fossil Fuels to Clean Energy Through the Glasgow Commitment |publisher=International Institute for Sustainable Development |date=27 October 2022 |url=https://www.iisd.org/publications/brief/ebrd-shift-millions-fossil-fuels-clean-energy |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{madereel2022how, author = {Madereel,, Natalie Jones,Enrique}, title = {{How the European Bank for Reconstruction and Development Can Shift Millions From Fossil Fuels to Clean Energy Through the Glasgow Commitment}}, institution = {International Institute for Sustainable Development}, year = {2022}, month = oct, url = {https://www.iisd.org/publications/brief/ebrd-shift-millions-fossil-fuels-clean-energy}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }