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EBRD and Energy Community strengthen cooperation in sustainable energy

11 July 2017

The EBRD and the Energy Community Secretariat have signed a Memorandum of Understanding strengthening the organizations’ cooperation in the field of sustainable development with a focus on sustainable energy policy development in the Western Balkans, Moldova, Ukraine and Georgia.

The agreement signed in Vienna also allows the two institutions to explore new opportunities for cooperation on broader sustainability issues, including climate change.

Leveraging on their expertise, the two organizations will contribute to an enabling environment for sustainable investment and a smooth transition towards sustainable, low-carbon economies in south-eastern Europe and the Black Sea region.

Josué Tanaka, EBRD Managing Director, Energy Efficiency and Climate Change, said: “The EBRD values our collaboration with the Energy Community in promoting sustainable development. Together, we are already making a significant impact on energy efficiency. With today’s memorandum we are laying a sustainable basis for our future cooperation with shared work for joint goals.”

Janez Kopač, Director of the Energy Community Secretariat, added: “The Secretariat and the EBRD are long-standing partners in initiating and implementing regional energy efficiency programs in the Western Balkans. Today’s agreement is an important step forward. It expands the scope of cooperation to new areas like action to combat climate change and it widens the geographical scope to the Black Sea region.”

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