The FINANCIAL -- The EBRD is launching public consultations on the draft of its upcoming Energy Sector Strategy (ESS), which will guide the Bank’s operations in the sector for the next five years. The current EBRD Energy Sector Strategy came into force in December 2013.
The EBRD ESS covers the Bank’s activities in two areas: electricity generation, transmission, distribution, storage and supply; and hydrocarbon extraction, processing, transportation, distribution, storage and supply.
The draft ESS promotes secure, affordable and sustainable energy through the transition to a market-oriented low-carbon energy sector. It identifies four interrelated strategic directions: decarbonisation and electrification; well-functioning energy markets; cleaner oil and gas value chains; and energy efficient and inclusive economies.