The European Bank for Reconstruction and Development (EBRD) will take a central role in advancing its climate investment agenda at COP31, the United Nations Climate Change Conference in Antalya, Türkiye, running from November 9 to 20, 2026. The bank’s delegation, led by President Odile Renaud-Basso, Vice President for Policy and Partnerships Mark Bowman, and Vice President for Banking Matteo Patrone, will advocate for private-sector solutions to speed up green transitions in economies under climate strain.
The EBRD will promote private investment, policy changes, and cross-industry alliances as essential drivers for building more sustainable and resilient systems. They will also support a joint statement from multilateral development banks, set to be unveiled at the conference’s outset.
Renaud-Basso emphasized the bank’s decades-long partnership with Türkiye, stating the country’s Action Agenda for COP31 is a top priority. She stressed that green investments, covering energy efficiency, decarbonization, and electrification, remain core to the EBRD’s approach, even with global economic instability. According to Renaud-Basso, green investment keeps businesses competitive and running during turbulent times. The green transition represents a valuable opportunity, and the EBRD is ready to support it.
The bank’s priorities at COP31 will include advancing electrification, renewable energy, industrial decarbonization, and climate resilience. In Türkiye, the EBRD has already invested over €26 billion, with €14 billion directed toward climate-focused projects. A key initiative is the Türkiye Industrial Decarbonisation Investment Platform, a joint effort with the government and international partners aiming to secure €5 billion by 2030 for reducing industrial emissions.
Delivering on climate goals at scale requires greater mobilisation of private finance, strong investment frameworks and close cooperation between the public and private sectors. The EBRD will highlight practical examples of how investment can support industrial decarbonisation, promote renewable energy and help to make businesses and infrastructure more resilient while supporting the competitiveness of economies going through the green transition. With COP31 putting implementation in the spotlight, the EBRD is set to play a significant role in advancing the green transition agenda.