With the EBRD planning to invest up to $100 billion to help EU coal mining towns shift to new vocations through 2027

With the EBRD planning to invest up to $100 billion to help EU coal mining towns shift to new vocations through 2027, the Bank held an online conference Friday to promote a similar shift in Ukraine – the Platform Initiative in Support of Coal Regions in Transition in Western Balkans and Ukraine. “The EBRD confirmed its commitment to providing finance for investments that will support the transition from coal,” a Bank executive said at the meeting, organized with the World Bank, the European Commission and the Polish government. The ‘Just Transition Mechanism’ is designed “to support workers and citizens of regions where high-carbon assets are located.”