5 May 2016

European Investment Bank: A sustainable future for all

Climate cannot be divorced from development and security. These challenges are interconnected and this is why as a policy-driven Bank committed to fulfilling the goals of the EU both in Europe and the rest of the world, we take our role very seriously.

Paris was about politics, now it is about business. As the world’s biggest provider of climate finance we are committed to putting the Paris agreement into practice. We are making progress since COP 21 both in terms of our own targets and in our partnerships with others.

In March 2016 the EIB was approved as a new partner institution of the Green Climate Fund (GCF). The Green Climate Fund was set up in 2010 at the United Nations climate talks to help developing countries tackle the challenge of climate change through finance for clean and efficient energy and other mitigation investments, as well as adaptation measures to support countries and people vulnerable to the effects of global warming. The accreditation gives us an important tool in mobilising that money in developing countries where the EIB has committed to increase its lending for climate action to 35% by 2020.

Our collaboration with partner institutions also remains focused on mainstreaming climate considerations into everything we do. Public and private financial institutions* all over the world are supporting five voluntary Climate Mainstreaming Principles, putting climate at the heart of all we do.

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