It paves the way for low-carbon, resilient and livable cities in developing and emerging economies by unlocking infrastructure investment at scale. Since 2012, the EIB provided EUR 150 billion of finance supporting EUR 550 billion of investment in projects that reduce emissions and help countries adapt to the impacts of climate change. Following today’s approval of the revised energy lending policy, the EIB will no longer consider new financing for unabated, fossil fuel energy projects, including gas, from the end of 2021 onwards. These will all contribute to employment, social cohesion and economic development for the future. Contracts already signed are reducing the cost of thermal refurbishments for more than 20 000 households in France. I am grateful for all those who have contributed to the largest ever public consultation on EIB lending in recent months and energy expert colleagues who have outlined how the EU bank can drive global efforts to decarbonise energy.”. Subscribe and receive monthly updates of the EIB’s activities around the world. He also pointed the key role the EIB can play with regard to redirecting private finance towards sustainable investments. We will stop financing fossil fuels and we will launch the most ambitious climate investment strategy of any public financial institution anywhere.” Stressing the need for cooperation, he added: “I would like to thank the shareholders of the bank, the EU Member States, for their cooperation over the past months.

One of the icons of France, one of the great stone images of beauty and history, was extensively damaged by fire on Monday. Looking for an SME loan? You will now receive our monthly newsletter.Please tell us a bit more about yourself. A previous review of energy lending in 2013 had already enabled the EIB to be the first international finance institution to effectively end financing for coal and lignite power generation through adoption of a strict Emissions Performance Standard. EIB surveys The European Investment Bank is home to many specialists, from economists to engineers. Looking for an SME loan? In addition, we commit to align all EIB Group activities with the principles and goals of the Paris agreement by the end of 2020. Today the EIB Board of Directors approved a new strategy for climate action and environmental sustainability. In the near future this will be complemented by measures to ensure EIB financing contributes to a just transition for those regions or countries more affected so that no one is left behind. Today we wake up to a poorer world. Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics. Any financing that is not green will be made sustainable, according to the requirements of the Paris deal.”, EIB energy lending policy: Supporting the energy transformation. The EU bank has been Europe’s climate bank for many years.

Since 2012, the EIB provided EUR 150 billion of finance supporting EUR 550 billion of investment in projects that reduce emissions and help countries adapt to the impacts of climate change. Please tell us a bit more about yourself Where do you currently work? Subscribe and receive monthly updates of the EIB’s activities around the world. Ten years ago, the Bank played a pioneering role on the green bond market by issuing the world’s first “Climate Awareness Bond” (CAB). Today’s decision ends an open and inclusive review process which involved industry, institutions, civil society, and the public at large. It has also financed nearly all the tram and metro networks in France’s cities. Improving lives and creating jobs around the world. We must act urgently to counter this trend. Ten years ago, the Bank played a pioneering role on the green bond market by issuing the world’s first “Climate Awareness Bond” (CAB). Today, the City Climate Finance Gap Fund (“The Gap Fund”) was launched jointly by ministers and directors of the Governments of Germany and Luxembourg together with the World Bank, EIB and Global Covenant of Mayors. This meeting provided an opportunity to reiterate that the EIB has made climate action one of its key areas of activity.

Today it has decided to make a quantum leap in its ambition. The EIB will be able to finance up to 75% of the eligible project cost for new energy investment in these countries. You will now receive our monthly newsletter.Please tell us a bit more about yourself. Improving lives and creating jobs around the world. Furthermore, the EIB is supporting the energy transition of private and public buildings by funding third-party financing companies, which then provide loans accessible to individuals to refurbish their houses and apartments. “Scientists estimate that we are currently heading for 3-4°C of temperature increase by the end of the century. Join the bank that invests in the things that matter! They’re right: the European Union fulfils its role when it sets about tackling climate change and helping its Member States to do so. The results are spectacular: with a monthly credit refund of EUR 147, households saved around EUR 100 in energy bills each month, not to mention the value added to their property. This proposal is supported ardently and with conviction by two men in particular: the climatologist Jean Jouzel and the economist Pierre Larrouturou, co-authors of the book “Finance, Climat : Réveillez-vous !” (“Climate: Wake Up!”).

The EU bank has been Europe’s climate bank for a long time. Improving lives and creating jobs around the world. Intensive stakeholder engagement since January produced more than 149 written submissions from concerned organisations and individuals and petitions signed by more than 30,000 people. We finance projects focused on innovation, SMEs, infrastructure and climate in Europe and the world. The scope of this ambition is broad – touching upon the climate, environmental and social aspects underpinning sustainable development. Engaging with civil society organisations. If you agree, this website section will also include third-party cookies used in online advertising. The EU bank has been Europe’s climate bank for a long time. – do even more. Engaging with civil society organisations. In the end, following a lively exchange, Pierre Larrouturou and Ambroise Fayolle agreed on one observation and objective: Europe is already doing a lot, but it can – and must! We constantly seek to feed the public debate on issues such as climate change or investment needs, within Europe and beyond. Following a long discussion we have reached a compromise to end the financing by the EU Bank of unabated fossil fuel projects, including gas, from the end of 2021. And its ambitions are particularly high. Join the bank that invests in the things that matter! We use cookies to give the best browser experience on our website, including using anonymised cookies for aggregated statistics helping us improve the site and better serve your needs and excluding online advertising. EIB Vice-President Ambroise Fayolle thus met Pierre Larrouturou on Friday 1 February for a frank discussion on this key issue for our future. Over the last five years the European Investment Bank has provided more than EUR 65 billion of financing for renewable energy, energy efficiency, and energy distribution. Ten EU countries face specific energy investment challenges. Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics. It currently dedicates at least 25% of its total investment to combating climate change. If you agree, this website section will also include third-party cookies used in online advertising.

The EIB’s ambitious energy lending policy adopted today is a crucial milestone in the fight against global warming. Projects supported include the refurbishment of schools, investment in France’s SMEs, a motorway and sustainable public transport initiatives. If that happens, large portions of our planet will become uninhabitable, with disastrous consequences for people around the world. In recent weeks, the debate has escalated in France: Europe must commit to combating climate change and the best way to do this would be to create a climate bank. Worldwide. In addition, the bank set a new Emissions Performance Standard of 250g of CO2 per Kilowatt-hour (kWh). Looking for an SME loan? Two weeks before the United Nations climate change conference in Madrid, these decisions send an important signal to the world: The European Union and its bank, the EIB, commit to mobilise investments on an unprecedented scale to support climate action projects around the world. The EIB and Slovak Investment Holding (SIH) today signed an agreement funded by the European Investment Advisory Hub as part of the EIB’s “Delivery of local investment advisory services by National Promotional Banks (NPBs)” call for proposals. One of the best examples is SPEE in Hauts-de-France which received a EUR 23.5 million loan in 2015 to enable it to lend on attractive terms to individuals refurbishing their homes.

The EIB Group will aim to support EUR 1 trillion of investments in climate action and environmental sustainability in the critical decade from 2021 to 2030; The EIB will gradually increase the share of its financing dedicated to climate action and environmental sustainability to reach 50% of its operations in 2025 and from then on; The EIB Group will align all its financing activities with the principles and goals of the Paris agreement by the end of 2020.

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