The EIB is serious about tackling climate change: not just in Europe but also worldwide. Recently the EU bank pledged to step up what it spends on climate action in developing countries to 35% by 2020. But it isn’t just about lending more money for big infrastructure projects. Increasingly, the EIB is working on ways to finance climate action projects with a clear positive impact for local people. EIB's Chris Knowles has been to Ecuador to check on two projects where the EIB is working, as a core investor, with an equity based fund called Eco Enterprises. He found that Runa and Terrafertil can help show us the way.
