Country sector platforms

The EBRD uses a country sector platform approach to help countries to scale up the mobilisation of climate finance and accelerate the green transition. This approach has been developed in close cooperation with other multilateral development banks (MDBs) and national governments. In essence, a country sector platform coordinates the efforts of all stakeholders to deliver integrated policy and investment solutions.

The country sector platform approach brings together all the key elements of an integrated solution: enhanced national climate ambitions; accelerated project and investment pipeline identification; mobilisation of public and private finance; and strengthening of transparency and impact monitoring.

A cornerstone of the country sector platform approach is national ownership, with a country’s climate commitments shaping the platform’s ambitions and objectives. These ambitions are often informed by coordinated up-front analytics and support national climate policies such as nationally determined contributions (NDCs) or sectoral policies such as low-carbon pathways (LCPs). Buy-in from policymakers and regulators helps to prioritise policy solutions that enable private investment.

Climate finance from developed countries, multilateral climate funds and philanthropic organisations is key. Grants fund critical technical support to accelerate the preparation of projects, while concessional finance helps to leverage investment and mobilise the private sector. Donor funding is used to overcome key barriers such as affordability constraints for early movers and helps to integrate just transition diagnostics and activities.

A country sector platform is often supported by multiple MDBs. MDBs such as the EBRD use their strong local presence and their relationships with private-sector clients to help governments to coordinate with various stakeholders, including project developers, local and international financiers, policymakers and civil society organisations. This coordination ensures broad-based support and helps to demonstrate cross-cutting impact, such as impact relating to inclusion, just transition and the environment. MDBs also coordinate among themselves to deliver technical assistance, channel concessional finance and conduct key investments that crowd in the private sector.

The country sector platform approach lays the foundations for the private sector to get involved and stay involved. These platforms showcase governments’ firm commitments, foster the required enabling environments and deploy investment to kickstart movement in the sector. These factors combine to reduce perceptions of risk and send clear market signals to the private sector on where, when, and in what to invest. With these in place, the private sector can mobilise commercial and equity finance at scale.

The energy pillar of Egypt's Nexus for Water, Food and Energy 

At COP27, Egypt launched the energy pillar of its Nexus for Water, Food and Energy (NWFE). In line with Egypt’s NDC target, this aims to develop 10 GW of new private renewable energy capacity by 2028 and retire 5 GW of inefficient fossil fuel capacity by the same year. A combined total of
US$ 1.5 billion has been pledged across public, donor and international financial institution (IFI) finance, which is expected to mobilise US$ 10 billion of private investment in the Egyptian energy sector. Critically, the energy pillar of NWFE will channel climate finance towards the strengthening of the grid, just transition plans for affected workers and the development of green supply chains, thus creating an enabling environment for future investment in renewable energy.

The EBRD-led group of international development partners involved in the implementation of the energy pillar of Egypt’s NWFE includes the United States of America, Germany, the United Kingdom, the Agence Française de Développement, the International Finance Corporation, the European Investment Bank, the African Development Bank, the Asian Infrastructure Investment Bank, Denmark’s Investment Fund for Developing Countries and the Netherlands’ Invest International.

The Just Energy Transition Investment Platform in North Macedonia 

At COP28, the EBRD assisted North Macedonia with the launch of the Just Energy Transition Investment platform (JETIP), aiming to help North Macedonia to achieve its NDC goal of reducing net greenhouse gas emissions by 82 per cent by 2030 relative to 1990 levels. JETIP will deploy 1 GW of renewable energy capacity, bringing the country’s total capacity to 1.7 GW. JETIP also aims to retire all coal-fired power plants and support the workers employed in such power plants and coal mines with just transition activities. Achieving these objectives will require substantial investment, estimated to total about €3 billion by 2030.

International cooperation on JETIP is led by the EBRD, with support from the European Commission, the World Bank, the European Investment Bank, the Kreditanstalt für Wiederaufbau, the Council of Europe Development Bank, Cassa Depositi e Prestiti and the Climate Investment Funds.

Türkiye Industrial Decarbonisation Investment Platform 

The Türkiye Industrial Decarbonisation Investment Platform (TIDIP) aims to decarbonise Türkiye’s steel, aluminium, cement and fertiliser sectors, in line with the country’s goal of reaching net-zero by 2053 and low-carbon sectoral pathways developed with EBRD support. For each of these sectors, the relevant LCP sets out the critical technologies, financing and policy needs that are required to facilitate adoption. TIDIP is aiming to deploy US$ 5 billion of investment by 2030 to support the implementation of these LCPs, resulting in a boost to Türkiye’s export competitiveness and a reduction of more than 20 million tonnes in the country’s annual carbon emissions. TIDIP’s focus on industrial sectors makes it unique among country sector platforms.

The EBRD is the Turkish government’s lead development partner, with support from the World Bank and the International Finance Corporation.