The European Space Agency (ESA) signed an agreement with the European Bank for Reconstruction and Development (EBRD) during the EBRD Annual Meeting in Latvia on Saturday, 6 June, hailing a new era of cooperation with the aim of advancing the use of Earth observation data and services for development and impact finance initiatives.
The agreement sets out the intention for ESA and the EBRD to further explore areas of mutual interest for potential collaboration. The areas of joint effort will focus on using space-based Earth observation data to improve the efficiency and impact of development efforts and EBRD operations.
The letter of intent with the EBRD was digitally signed by ESA’s Director of Earth Observation Programmes, Simonetta Cheli, and EBRD’s Vice President for Policy and Partnerships, Mark Bowman, earlier this month. This was followed by an in-person signature event at the EBRD’s annual meeting in Riga on Saturday, 6 June, with ESA’s Head of Climate Action, Sustainability and Science Department, Rune Floberghagen, confirming the partnership agreement alongside EBRD’s Managing Director for Policy, Strategy and Delivery, Melis Ekmen Tabojer.
Read full story: ESA and EBRD to advance Earth observation for development and impact finance