to-the-point: EBRD buys carbon credits from Turkish wind park

The European Bank for Reconstruction and Development (EBRD) has purchased carbon credits from the 77-MW Edincik wind farm in Turkey to offset its emissions.

The bank said earlier this week it used carbon credits to compensate for emissions from its London headquarters, regional offices, and flights in 2017. This expands the EBRD’s practice of offsetting emissions from its annual meetings - something it has been doing since 2013.

The Edincik wind park on the southern coast of the Sea of Marmara has been financed by Işbank, a partner bank of the EBRD’s credit line for medium-sized sustainable energy projects in Turkey (MidSEFF).

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