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4.4.2. Financing institutions

The European Bank for Reconstruction and Development (EBRD) is actively supporting adaptation in the energy sector. The EBRD provides support to several EU neighbourhood countries on a wide breadth of topics, including targeted investment support for climate change adaptation as part of the Sustainable Energy Initiative (EBRD, 2018). EBRD also works with private companies to improve their climate resilience, such as improving flood defence measures at ports.

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The European Investment Bank (EIB) makes available dedicated adaptation funding and has developed investor guidelines with a focus on climate resilience. Furthermore, the EIB includes requirements for climate change adaptation in its Climate Strategy, particularly for projects in which climate change vulnerabilities present a high risk (EIB, 2015).

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