The European Bank for Reconstruction and Development EBRD

The EBRD, like the World Bank, has already started a carbon trading fund as manager of a US$35 million fund from The Netherlands. Otherwise, its energy portfolio is rather mixed. Using the same categories as described above for our analysis of the IDB and the World Bank, the National Wildlife Federation's snapshot of available information indicates that the EBRD's fossil fuel lending in 2007 was double (US$845 million) that in 2001 (US$466 million). But since their overall energy lending had also doubled in that period, the fossil fuel proportion remained at the same level. Meanwhile, our analysis shows its investments in renewable energy, efficiency and small hydro to have grown significantly, from US$24 million in 2001 to over US$300 million in 2007. Moreover, it avoided large hydro entirely in those years.

Solar Panel Basics

Solar Panel Basics

Global warming is a huge problem which will significantly affect every country in the world. Many people all over the world are trying to do whatever they can to help combat the effects of global warming. One of the ways that people can fight global warming is to reduce their dependence on non-renewable energy sources like oil and petroleum based products.

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