EBRD ENERGY

PORTFOLIO2006-2011

48%

11%

THE SITUATION TODAY

RENEWABLE ENERGY

The European Bank for Reconstruction and Development (EBRD) should stop financing coal projects and invest more in renewable energies and energy savings.

STOP FINANCING COAL PROJECTS!

The EBRD operates in 34 countries, from the Eastern members of the European Union, through to the former Soviet Union to Central Asia, stretching South to the Mediterranean and North Africa.

76%

FOSSIL FUELS

48% of the EBRD energy investments in the last

six years have gone to fossil fuels, hence fuelling

climate change, while only 11% went into

renewables. This should be reversed. Ultimately

the EBRD energy investments should become

fossil-fuel free.

are net coal importers, wasting scarce financial resources that could be invested domestically in renewables or energy savings, helping them to improve their energy independence and security.

44%are already over-reliant on coal in their energy mix. Diversification should be a priority to build modern energy systems.

74%

TOO MUCH ENERGY IS WASTED IN THE EBRD RECIPIENT COUNTRIES

5 3419 532

KOSOVO*

UNFORTUNATELY, FORTUNATELY,

600MW Lignite Power PlantSERBIA

750MW Lignite Power Plant

are net coal importers, wasting scarce financial resources that could be invested domestically in renewables or energy savings, helping them to improve their energy independence and security.

of the EBRD countries are facing high to extreme risks of climate change impacts from extreme weather events, sea level rise or agricultural productivity loss.

The EBRD countries have a bad track record of energy waste. They consume 3x more energy than the world average and 5x more energy than EU countries to produce 1 dollar of economic output. Yet, they have gigantic energy e�ciency potential – a very cost e�ective option.

Kosovo currently wastes 37% of its

energy through technical losses and

theft and another 30% through lack

of energy e�ciency measures.

*This designation is without prejudice to positions on status, and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.

Serbia’s energy intensity is

currently 3 times worse than the

EU average.

Emissions over its entire life span are

than the annual emissions of the entire country

Btu

pe

r Y

ear

20

05

U.S

. Do

llar

s

EBRDcountries

WorldEU

400% MORE

Emissions over itsentire life span are

than the annual emissions of the entire country

500% MORE

The EBRD has been asked to finance this project. It must refuse.

The EBRD is not moving ahead with financing this project!

€1 MILLIONINVESTED

14 DIRECT JOBS IN RENEWABLESONLY 5 JOBS IN COAL

Renewables create almost three times more jobs than coal for every euro invested. In times of unemployment crisis the choice should be clear.

Today in the EU 500 000 jobs exist in renewables whilst only 300 000 exist in coal.

COSTS ALMOST €12 BILLION/YEAR

*This designation is without prejudice to positions on status, and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.

RENEWABLES AND ENERGY SAVINGS ARE THE SOLUTION

HEALTH IMPACTS OF COAL

IN CROATIA, SERBIA AND TURKEY ALONE, EMISSIONS LEAD TO

5042 PREMATURE

DEATHS/YEAR

STOP FINANCING COAL PROJECTS!

COAL KILLS.

The construction costs of a coal power plant are roughly €1 billion and the financial impact on health is disproportionate.

€4 TRILLIONBy 2050 we could save nearly €4 trillion a year globally through energy savings and reduced fuel costs.