According to the EBRD, in particular, the bank and the Green Climate Fund (GCF) are expanding their partnership to address climate change in cities, and the GCF has approved a second tranche of funding totaling 87 million euros for the EBRD's "Green Cities" program (Green Cities Facility). Thanks to this tranche, the total amount of concessional financing from the GCF for this program has doubled to 174 million euros. The funds are intended to support large-scale climate investments in 15 countries. In particular, the funds will help cities in participating countries address pressing challenges related to climate change mitigation and adaptation. Support includes investments, policy development assistance, capacity building, and facilitating access to "green" financing. More than 60 cities are participating in the EBRD's "Green Cities" program. The program supports investments in areas such as urban transportation, centralized energy supply systems, solid waste management, renewable energy, "smart" urban solutions, water supply and wastewater management, construction, electricity distribution networks, street lighting, climate resilience, and nature-based solutions. Concessional financing from the GCF enables cities to implement larger-scale investment projects, overcoming barriers related to financial accessibility and bankability, while also attracting additional public and private capital. The program is available to cities, municipal utilities, and private companies in 15 countries: Albania, Armenia, Bosnia and Herzegovina, Georgia, Jordan, Kazakhstan, Kyrgyzstan, Moldova, Mongolia, Morocco, North Macedonia, Serbia, Tajikistan, Tunisia, and Uzbekistan. Support is provided through policy development, infrastructure investments, technical assistance, capacity building, and measures to improve access to "green" financing. The first tranche of funding from the Green Climate Fund enabled the development of eight Green City Action Plans (GCAPs)—tailored strategies that help cities identify, prioritize, and address their most pressing environmental challenges. In addition, the funds were used to implement 10 investment projects, including a project in Moldova to restore the Bîc River and provide flood protection in Chisinau. This marked the first time the EBRD officially applied a nature-based solution within the framework of a project. The second tranche will expand support for investment initiatives in cities participating in the program. This decision was adopted ahead of the tenth anniversary of the partnership between the EBRD and the GCF, during which the parties have actively implemented joint projects. Over the past decade, these two organizations have collaborated across a range of programs and sectors, promoting measures to mitigate the effects of climate change and adapt to them. In doing so, the GCF's concessional resources have been combined with EBRD financing, the bank's technical expertise, and the mobilization of private capital. // 30.10.2026 — InfoMarket