{"id":67920,"date":"2021-06-27T21:28:58","date_gmt":"2021-06-27T19:28:58","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=67920"},"modified":"2021-06-27T21:28:58","modified_gmt":"2021-06-27T19:28:58","slug":"ebrds-annual-meeting-to-open-monday-to-boost-green-transition","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ebrds-annual-meeting-to-open-monday-to-boost-green-transition\/","title":{"rendered":"EBRD\u2019s annual meeting to open Monday to boost green transition"},"content":{"rendered":"<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The 30<sup>th<\/sup> <a href=\"https:\/\/www.ebrd.com\/ebrd-annual-meeting-business-forum-2021\"><span style=\"color: #0079c1;\">Annual Meeting and Business Forum<\/span><\/a>\u00a0of <a href=\"https:\/\/www.csregypt.com\/en\/ebrd-extends-100m-loan-to-nbe-to-back-smes-in-egypt\/\">the European Bank for Reconstruction and Development (EBRD)<\/a> will be held from June 28 to July 2 with an aim to boost green transition. <\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">Ministers and leading officials will be gathering to take critical decisions aimed at improving the environment and economies covered by the EBRD.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The EBRD is moving from its emergency response to the\u00a0<a href=\"https:\/\/www.ebrd.com\/what-we-do\/coronavirus\"><span style=\"color: #0079c1;\">Covid-19 pandemic<\/span><\/a>\u00a0to providing longer-term help for countries. Many of the\u00a0<a href=\"https:\/\/www.ebrd.com\/where-we-are.html\"><span style=\"color: #0079c1;\">38 economies in the EBRD\u2019s regions<\/span><\/a>\u00a0have been hit hard by the virus.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">A clear indication of the impact will emerge when the latest economic forecasts for these economies are published at a news conference on Tuesday morning, the first progress report since many began vaccinating citizens and re-opening sectors of the economy.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The Bank\u2019s\u00a0<a href=\"https:\/\/www.ebrd.com\/shareholders-and-board-of-governors.html\"><span style=\"color: #0079c1;\">Governors<\/span><\/a>\u00a0\u2013 representatives from each of the 71 shareholding countries (along with the EU and EIB) \u2013 will then hold talks on what next steps should be taken, and the Bank will produce more detailed proposals during the remainder of 2021. Last year the Bank committed \u20ac11 billion to Covid-19 recovery.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">The Bank\u2019s regions also face a green challenge. Many are heavily-dependent on fossil fuels for their energy, and the EBRD last year committed to becoming a majority green business during its current strategy period (2021-2025) \u2013 meaning that more than 50 per cent of its investments will be directed towards the transition to sustainable and climate-resilient economies.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">Shareholders will be asked to approve a commitment to full alignment with the\u00a0<a href=\"https:\/\/www.ebrd.com\/paris-agreement\"><span style=\"color: #0079c1;\">Paris Agreement<\/span><\/a>\u00a0during the Annual Meeting\u2019s main plenary session. This would mean that all projects supported by the Bank would work towards the goal of reaching net-zero carbon emissions.<\/span><\/p>\n<p dir=\"ltr\" style=\"background: white; margin: 0cm 0cm 12.75pt; text-align: left;\"><span style=\"font-family: 'Arial','sans-serif'; color: #2f343a;\">This will be the first Annual Meeting since becoming President for\u00a0<a href=\"https:\/\/www.ebrd.com\/who-we-are\/ebrd-president-odile-renaud-basso\"><span style=\"color: #0079c1;\">Odile Renaud-Basso<\/span><\/a>, who is the first woman to lead the Bank. She will underline the Bank\u2019s commitment to supporting economic recovery which is not just green, but also more equal and more digital.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 30th Annual Meeting and Business Forum\u00a0of the European Bank for Reconstruction and Development (EBRD) will be held from June 28 to July 2 with an aim to boost green transition. Ministers and leading officials will be gathering to take critical decisions aimed at improving the environment and economies covered by the EBRD. The EBRD [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":67923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6044,984],"tags":[6087,10697],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EBRD\u2019s annual meeting to open Monday to boost green transition - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The 30th Annual Meeting and Business Forum\u00a0of the (EBRD) will be held from June 28 to July 2 with an aim to boost green transition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/ebrds-annual-meeting-to-open-monday-to-boost-green-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD\u2019s annual meeting to open Monday to boost green transition - 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