BERD aims to boost green financing and accelerate renewable energy in post-war reconstruction
Gianpiero Nacci said the European Bank for Reconstruction and Development plans to keep over half of its funding for climate projects, seeing war-time reconstruction as a chance to speed up renewable energy adoption.
During the Climate Change Summit 2026, Gianpiero Nacci, the EBRD's director for climate strategy, confirmed that the bank has not altered its environmental agenda despite geopolitical shifts. The institution is targeting a minimum of 50% of its yearly financing for green projects, and the latest data shows a 56% share. Funding is directed toward infrastructure, renewable energy, energy efficiency in manufacturing, and support for SMEs and households.
Nacci stressed that the reconstruction of Ukraine offers a unique opportunity to embed clean energy in post-war rebuilding, while the reduced cost of solar and wind makes them the cheapest electricity sources worldwide, prompting industrial players to adopt them for market competitiveness. He also warned that climate-driven extreme events already threaten economies, citing Nepal's recent disaster impact of 15% of its GDP.
Why it matters
The EBRD's green financing strategy could shape post-conflict recovery and accelerate global renewable energy adoption.
In this story
