EBRD Incorporates Energy Efficiency in Real Estate Investments

The European Bank for Reconstruction and Development is making energy efficiency a key thrust of its real estate investments with the launching of its new property and tourism sector strategy, Balkan News reports.

The new strategy seeks to include a key energy efficiency component in every real estate project supported by the bank, EBRD Property and Tourism Director Slyvia Gansser-Potts explained. Under the strategy, the bank will begin considering the sustainable use of renewable energy resources and efficient ways of using heating, water, recycling, and electricity in all of its building investments.

“At the same time, the Bank will be working with authorities to drive home the message of energy efficiency in our countries of operations, but also making it clear to entrepreneurs that it is in their own interests to make the most efficient use possible of the energy they consume,” Gansser-Potts added.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.