Many economies where the EBRD invests have made progress in the area of green transition by ratifying the Paris Agreement and making legislative commitments to reduce greenhouse gas (GHG) emissions, according to the report.

Overall, however, significant challenges remain across the EBRD regions in the area of green transition, particularly as regards (i) reducing emissions in the construction, industrial and energy sectors, (ii) strengthening resistance to the negative impact of climate change in the area of agricultural production, and (iii) increasing protection for land and marine areas.

In many parts of the EBRD regions, additional work also needs to be carried out with a view to increasing the amount of electricity that is derived from renewable sources, according to the report.

EBRD economists have developed a methodology which measures transition economies’ progress against six key qualities of a sustainable market economy, looking to see whether they are competitive, well-governed, green, inclusive, resilient and integrated.

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