The European Bank for Reconstruction and Development (‘EBRD’) is supporting green residential real estate investments in Bosnia and Herzegovina with a €4 million loan to Partner Mikrokreditna Fondacija Tuzla (Partner) through the Bank’s Western Balkans Green Economy Financing Facility (WB GEFF II) as a means of driving energy efficiency in the sector and delivering on climate objectives.
The renovation of buildings is essential to decarbonise the economy as research indicates energy consumption in the building sector in Bosnia and Herzegovina accounts for 57% of the country’s total energy consumption, well above the 40% average of the European Union (‘EU’).
“In the week that COP26 is taking place, it is even the more important to contribute to green and sustainable investment. I am very happy that we have signed this important credit line with Partner today, which will further increase green lending in Bosnia and Herzegovina and contribute to energy savings and carbon emission reductions.”
– Manuela Naessl, EBRD, Head of Bosnia and Herzegovina
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Sectors: Buildings, Finance
Country / Region: Bosnia and Herzegovina
Tags: Banks, carbon, citizens, drives, emissions, energy, energy efficiency, energy savings, GHG emission reduction, global climate, Industry Regulators, Institutional Investors, international development, loans, National Regulators, SMARTER, Supranational RegulatorsIn 5 user collections: Green Home Investment Platform – Industry Regulators , Green Home Investment Platform – National Regulators , Green Home Investment Platform – Supranational Regulators , Green Home Investment Platform – Institutional Investors , Green Home Investment Platform – Banks
Knowledge Object: Web Resource
Author: European Bank for Reconstruction and Development (‘EBRD’)