EBRD and pensions investor announce €500m, five-year climate package

The ILX pension fund investor set up with the backing of German, Dutch and British public money has committed to join the EBRD in providing the finance for climate-related investment across the lender's sphere of influence.The European Bank for Reconstruction and Development (EBRD) has announced a joint bid to co-invest €500 million in climate and UN sustainable development goal (SDG)-linked projects. The London-based development lender this week announced the initiative, which will see Amsterdam-based European pension fund investor ILX commit funds to back EBRD lending across the latter's markets ...

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