Through its flagship EBRD Green Cities program, the EBRD has resumed work on urban sustainability with the western Ukrainian city of Khmelnytskyi. Since Russia invaded Ukraine on February 24, collaboration had been halted.
Photo Insert: The EBRD is Ukraine's largest institutional investor. It has promised to boost the country's economy with €1 billion this year. Its assistance is concentrated on critical infrastructure, food and energy security, trade, and the pharmaceutical industry.
Khmelnytskyi is one of numerous Ukrainian cities that have signed on to the €5 billion EBRD Green Cities program in order to design a more livable urban space for its 280,000 residents. It has suffered no physical damage as a result of the war, but it has seen a considerable influx of internally displaced people (IDPs), straining city services. On June 23, EBRD and Khmelnytskyi officials agreed to broaden the scope of the city's Green City Action Plan (GCAP) to reflect current realities by adding a needs assessment encompassing the IDPs already living there.
The IDP questionnaire, on which the city's future policies will be based, has already been published. Sweden will provide funding for the plan's expansion.
Khmelnytskyi joined the program in 2019 and has been working with the EBRD on a customized action plan since then. Its first project was to improve solid waste management, which was signed in October 2020.
In 2016, the EBRD Green Cities program was formed. Since then, it has aided over 50 communities on three continents in tackling environmental challenges and increasing citizens' quality of life.
More than €5 billion in fresh funding has been agreed for EBRD Green Cities during the COP26 climate conference in November 2021. The program has also attracted significant co-financing.
This comprises €87 million from the Green Climate Fund (GCF) and US$ 17.8 million from the Clean Technology Fund of the Climate Investment Funds (CIF), as well as technical assistance from the GCF and a number of EBRD bilateral donors.
The initiative provides a significant contribution to combating climate change.
Investments ranging from lowering building emissions to improving transportation efficiency save roughly 1.4 million tonnes of carbon emissions each year, the equivalent of 296,000 cars.
The EBRD is Ukraine's largest institutional investor. It has promised to boost the country's economy with €1 billion this year. Its assistance is concentrated on critical infrastructure, food and energy security, trade, and the pharmaceutical industry. When conditions allow, the EBRD is likewise ready to invest in Ukraine's reconstruction.