Practices

Finance for climate action - EIB

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This publication by the European Investment Bank (EIB) demonstrates  EIB's investments in climate action projects in the period 2011-2015.

 

As the bank of the European Union, EIB supports the transition to a low-carbon, environment-friendly and climate-resilient economy. In 2015, EIB invested EUR 20.7bn in climate action projects, and this figure reaches EUR 90.5bn for the last five years (2011-2015).

 

EIB engages with companies, think-tanks, not-for-profit organisations, public authorities and other international financial institutions. The bank co-finances mitigation, adaptation and other climate-related projects, working closely with the other MDBs and the members of the International Development Finance Club to harmonise concepts and approaches.

 

The bank's work has a strong focus on ensuring that climate finance acts as a catalyst for further investment from both private and public sources. For this we have developed a particularly robust system that clearly identifies and tracks our climate finance.

 

In EIB's climate strategy, published in 2015,  the bank commits to ensuring that at least 25% of all EIB lending supports climate-related investment. For loans in developing countries, this figure will rise to 35% by 2020. Over the next five years, it will provide around EUR 100bn for climate-related projects, aiming to help turn the ambitious agreement approved at the COP21 climate conference in Paris into reality.

 

 

To download the publication, please visit the relevant EIB webpage at the link below.