During the annual Astana Finance Days conference, Conrad Albrecht, Managing Director and Head of the Sustainable Development Directorate of the Eurasian Development Bank (EDB), highlighted the bank’s achievements in the renewable energy sector. Since 2006, EDB’s accumulated portfolio in renewable energy projects has surpassed $1.7bn.
Albrecht emphasized the impact of these investments, noting that 33% of the current real sector portfolio aligns with the Paris Agreement’s climate goals. The EDB remains committed to advancing renewable energy initiatives and aims to further enhance its contributions to sustainable development in the coming years.
Speaking during a session titled “Fireside Chat on the State of Sustainable Finance in Central Asia,” Albrecht highlighted both achievements and challenges in advancing sustainable development, while underscoring the EDB’s role in supporting projects aimed at reducing carbon footprints and helping Central Asian economies adapt to climate change.
“Sustainable development and green transition are not only commitments to future generations but also strategic advantages that will enable Central Asian countries to reach a new level of development,” he voiced.
Albrecht also noted that 33% of the Bank’s current real sector portfolio aligns with the Paris Agreement, further demonstrating its commitment to green finance.
The 2024 Astana Finance Days, hosted by the Astana International Financial Centre, focused on sustainable development, climate finance, and green transition. The event fostered discussions among international financial institutions, governments, and businesses to align with the United Nations Sustainable Development Goals.
The EDB is a multilateral development bank investing in Eurasia. Since 2006, the Bank has worked to strengthen economic ties and foster comprehensive development in its member countries. With a charter capital of $7bn, the EDB’s portfolio focuses on green energy, transport infrastructure, agriculture, and digital systems, while adhering to the UN Sustainable Development Goals and ESG principles.
