Caspian Energy Journal Caspian European Club
Monday, 18 March 2019 13:00

EBRD offsets own carbon emissions for first time

EBRD offsets own carbon emissions for first time

Setting a pattern for the future, the EBRD has started offsetting greenhouse gas emissions from its own operations, including office buildings and flights by purchasing carbon credits from a renewable energy project it financed earlier, Caspian Energy News ( reports with reference to the press statement of EBRD.

To offset emissions, the EBRD purchased carbon credits from a Gold Standard certified Turkish renewable energy project, the Edincik wind farm. The 77 MW Edincik Wind Power Project is located on the southern coast of the Sea of Marmara at Bandırma in Balıkesir province, Turkey.

In December 2018, the EBRD was one of nine multilateral development banks (MDBs) to pledge to work together in six key areas to align their own activities with the goals of the 2015 Paris Agreement.

The EBRD provides climate finance under its Green Economy Transition approach, and has committed over €26 billion to projects promoting sustainable energy and resource use since 2006.

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Person in charge of the newsline: Olga Nagiyeva 


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