EU and EBRD: Finance for Green Recovery in Egypt, Morocco and Eastern Partnership Countries

On June 30th 2020, the European Union (EU) and the European Bank for Reconstruction and Development (EBRD) announced a total grant package of EUR 61.3 million to be provided for green and climate resilient investments in Egypt, Morocco and the countries of the Eastern Partnership. By allocating grants to energy efficiency, renewable energy and climate resilience projects, the EU and EBRD intend to boost a sustainable recovery and ensure a low-carbon and climate resilient pathway in their partner countries. In addition, advice for improving and strengthening regulatory framework for green investments is provided.