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Supporting Decarbonization by Financing Major Renewable Energy Projects

EBRD Policy Academy

This Module focuses on energy efficiency, enhanced use of renewable energy, and reducing greenhouse gas emissions in line with the Paris Agreement on Climate Change. The promotion of energy efficiency also leverages innovative technologies and products, stimulating investments, growth, and jobs.

About the Module

One of the EBRD's key priorities is to support the transition to cleaner, affordable, and more sustainable energy. Energy connectivity and sustainable energy are essential elements of energy security, as identified at the Riga Summit in 2015.

The main objective of the Module is to take stock of recent initiatives, policy developments, and financial vehicles in several countries that support government efforts to shift towards a greener and more energy-efficient path of economic development.

This Module is designed for policymakers, government officials, the private sector, the public, and international economic stakeholders. It aids knowledge transfer and equips learners to study better the vast pool of international experience regarding renewable energy projects.

This online training Module is web-based. Therefore, it is not required to download any software. Please be aware that the "EBRD Policy Academy" does not provide tutor support.

Disclaimer: The content was captured in March 2018, while the module was developed in March-December 2021.  


Learning Objectives

The Module “Supporting Decarbonization by Financing Major Renewable Energy Projects” has seven self-paced sessions, and is aimed to:

(i) overview the issue of climate change and the transition to a low-carbon economy;

(ii) determine key global green investment trends and map the role of different financial instruments;

(iii) discover challenges and responses in the EBRD's "Climate and Environment Strategic Development and Action";

(iv) to determine the role of banking and monetary policy in financing the transition to a green economy; and

(v) understand how to unlock policy and investment opportunities in economies where EBRD invests.

A long-term learning objective is to combine the efforts of various stakeholders, including policymakers, capital market players, issuers, and investors, and to shift investments away from fossil fuels and activate all available sources of capital in the renewable energy industry.


Length: approximately 4 weeks

Effort: 2-3 hours per week

Course duration: approximately 10 hours 20 minutes including assessments and interactive activities

Language: U.S. English


Note: The personal expert views of the featured lecturers - that are shared within these learning materials - do not necessarily represent the official position of the EBRD, or the position of other institutions and organizations with which non-EBRD lecturers are associated.

List of Lecturers 


Mattia Romani
Head of Sustainability, Autonomy Capital
2017 — Managing Director Economics, Policy, and Governance; EBRD

Milica Delevic
Director Competitiveness, Governance & Political Affairs, EBRD
2018 — Director Governance & Political Affairs, EBRD


Session One: An Introduction to Climate Change and the Transition to a Low-Carbon Economy

Simon Dietz
Professor of Environmental Policy, London School of Economics and Political Science (LSE)
2018 — Professor, London School of Economics and Political Science (LSE)


Session Two: Sustainable Finance: Market, Policy, and Political Economy Issues

Nick Robins
Professor in Practice - Sustainable Finance, London School of Economics and Political Science (LSE)
2018 — Professor, London School of Economics and Political Science (LSE)

Isabel Blanco
Head of Impact for Sustainable Infrastructure, EBRD
2018 — Senior Sustainable Energy & Environment Economist at Sector Economics and Policy Group, EBRD


Session Three: EBRD Green Economy Transition Approach

Josue Tanaka
Honorary Senior Fellow in Climate Finance, Imperial College London
2018 — Managing Director Energy Efficiency and Climate Change, EBRD


Session Four: Is it possible to close the Sustainable Development Goals financing gap?

Denis Childs
Founder, Positive Societal Impact
2018 — Head of Environmental and Social Advisory and Positive Impact Finance, Société Générale

Vesselina Haralampieva
Associate Director & Senior Counsel Legal Transition, EBRD
2018 — Legal Transition, EBRD


Session Five: Case study “From Zero to 1,400 – Supporting Egypt’s first solar program”

Harry Boyd-Carpenter
Managing Director Climate Strategy & Delivery, EBRD
2018 — Director & Head of Power and Energy Utilities, EBRD


Session Six: Designing and Financing a Large Renewable Energy program: South Africa and Morocco

Jeff Gibbon
Director, EfW Consulting Limited
2018 — Director Energy & Environmental Finance, Ernst & Young (EY)


The EBRD Policy Academy is supported by the “TaiwanBusiness-EBRD Technical Cooperation Fund". 


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  1. Module Number

  2. Classes Start

    self-paced, self-enroll module
  3. Estimated Effort

    10 hours 20 minutes