Green Cities programme increases to almost €1 billion

The European Bank for Reconstruction and Development (EBRD) urban greening programme, Green Cities, is quadrupling in size and has also won €87m from the Green Climate Fund (GCF) Board.

Cities represent one of the greatest opportunities to address climate change, accounting for 70 per cent of energy use and 80 per cent of greenhouse gas emissions. The EBRD Green Cities programme offers tangible support to help cities address their environmental issues and improve the quality of life of their residents.

The EBRD is expanding its programme after a first €250m of Green Cities funding, designed to last five years, was mostly committed within just two years. In October 2018 the EBRD approved a further €700m of funding to cities with strong needs and a strong commitment to improving environmental performance. This expands the number of cities that can be supported and raises the level of ambition across cities and environmental performance. The €87 million GCF support will go to concessional and technical cooperation funding to cities in nine countries.

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