Representatives of the Ministry of energy, mining and mineral resources held a coordination meeting with representatives of the Climate Investment Funds (CIF), the European bank for reconstruction and development (EBRD), the World Bank, and the International Finance Corporation (IFC), dedicated to the next steps for financing and implementing the just transition process.
At the meeting, the country’s clear commitment to a just and orderly energy transition was reaffirmed, in line with national strategic documents and the Investment Plan for Accelerated Coal Transition.
The possible financial structure for the implementation of the Investment Plan for Accelerated Coal Transition was discussed, including the extension of implementation deadlines by CIF. The possibility of accessing additional grants and appropriate financing was also reviewed and discussed, should the need for such support be identified.
Participants emphasized the importance of close coordination among institutions and partners for the timely and effective implementation of the process, in order to ensure a safe, sustainable and just energy transition for all involved parties.
With regards,
Ministry of energy, mining and mineral resources
