European bank for reconstruction and development
We have heard a lot of comment from anti-coal campaigners in the last several months, especially during the public consultation period for the new energy strategy. Their opinion is important to us, as are opinions of all stakeholders. But presenting the EBRD as the last institution that clings to coal and focuses on fossil fuels is incorrect on many levels.
In the last few months institutions that specialise in development finance like the World Bank, the European Investment Bank, the French Development Bank as well as the Export - Import bank of the United States have been lining up to announce an end to investments in coal.