The photo is sourced from the EDB press service
The focus of attention will be the water and energy complex, including in Central Asia, and renewable energy sources.
The project is being created with the aim of supporting research and development in green technologies in the energy sector and to facilitate the broadening of energy cooperation within the Eurasian Economic Union (EAEU).
Both world-wide experts and leading specialists and scientists in the energy industry are involved in preparing the report. Young academics from leading educational institutions will also be given the opportunity to take part and offer a fresh view on matters.
“This year, Global Energy began cooperation with the EDB. In the autumn, the Association, together with the Bank, will issue a report intended to support the development of clean technologies in Eurasia, including CO2 capture and a system of long-term energy storage,” said Sergey Brilev, President of the Global Energy Association.
“In its activity, the EDB devotes particular attention to three areas: promoting sustainable development, promoting economic integration and observing the principles of social and economic responsibility,” said Nikolay Podguzov, Chairman of EDB’s Management Board.
“At this time, the EDB is working on developing ESG (Environment, Social and Corporate Governance) issues and financing appropriate projects in the bank’s participating countries in the spheres of infrastructure, renewable energy and housing management. The next logical step in this process is broadening expertise in the green economy.”
In 2020, the EDB became a shareholder in the Green Financing Centre of the Astana international Financial Centre for the purpose of creating a Centre of Green Financing in Kazakhstan and a Centre of Green Expertise. And efforts were initiated for accreditation in the Green Climate Fund (GCF) which extends support to projects and programmes. Access to GCF funds will enable the EBD to boost the share of ESG projects in its portfolio.
Within the framework of the St. Petersburg International Economic Forum 2021, the EBD and the Rusnano group clinched an agreement on cooperation to carry out projects in countries of the Eurasian Economic Union in the alternative energy sector, high technology and green hydrogen.
The report “Breakthrough Energy Technologies for a future Green Eurasia” is to be published in the fourth quarter of 2021 in Russian and English.
This enables the EBD to boost its portfolio of projects aimed at improving the quality of life of people in the bank’s participating countries as well as the environment and more efficient use of natural resources.
The Eurasian Development Bank (EDB) is an international financial organisation promoting integration and the development of its participating countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. Its registered capital is $7 billion. The bank was founded in January 2006 and its headquarters are in Almaty. The main part of the EDB’s portfolio is made up of projects for the purpose of integration in transport infrastructure, digitalisation, green energy, agriculture, industry and machine building.