corporate_banner_en

Climate

Projects
Regions
European Union
Enlargement countries
European Free Trade Association
Mediterranean neighbourhood
FEMIP overview
Maximizing synergies
Financing & advisory services
Loans
Private equity
Advisory services
FEMIP Support Package
How to apply
Trust fund
Technical advisory
Private equity
CAMENA Climate action envelope
MED 5P
Organisation and staff
FAQ - FEMIP
EU Eastern neighbours
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Examples of EPTATF Operations
Institutional framework
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Sub-Saharan Africa, Caribbean and Pacific
Funding and financial instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
Climate
EIB and COP
Economic and Social Cohesion
Infrastructure
Innovation and skills
Investing for Youth
SMEs
Environment
Sectors
Agriculture, Food and Rural Development
Digital economy
Education and training
Energy
Forestry
Health and Life Science
Regional development
Trans-European Networks
Transport
Urban agenda
Water and Wastewater management
Project cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Recently approved projects
Projects financed
Breakdown by region
European Union
EFTA countries
Enlargement countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations evaluation
Process and methodology

Climate

We support the transition to a low-carbon, environmental friendly and climate-resilient economy. As the EU bank, we understand the need to promote environmental goals in both developed and developing countries in order to support sustainable development around the world.  As one of the largest providers of climate finance worldwide, we commit at least 25% of our lending portfolio to low-carbon and climate-resilient growth. Our funding supports sustainable projects in over 160 countries and acts as a catalyst to mobilise private finance for climate action, encouraging others to match our long-term investment. Our 2015 financing represents around 27% of our total lending or EUR 20.7 billion, our biggest ever annual investment in climate action.

Renewable financing in 2015 by the EIB totalled EUR 3.4 billion and included



Approach to climate action

We integrate climate action considerations throughout the methods and processes that we use to assess and monitor all our investment projects. This is what we call mainstreaming.

At the preparation stage we screen projects by analysing the following:

  • Adjusted economic and financial rates of return: When appraising the economic case for a project resulting in a significant change of greenhouse gas emissions (GHG) we incorporate an economic cost of carbon.
  • Carbon footprint: An assessment of GHG emissions of the investment projects we finance is carried out based on sector-specific methodologies.

For all fossil fuel generation projects, a specific Emissions Performance Standard is applied in order to screen out investments whose carbon emissions exceed a threshold level.

  • Climate change vulnerability: For projects, sectors and areas particularly vulnerable to climate change impacts, we require the promoter to consider climate risks and to incorporate adaption measures into project design and operation.
  • Carbon credit potential assessment: The potential of a project to generate tradable carbon credits is assessed. Technical assistance can be provided to promoters to help them exploit this potential.

EIB and COP

The global deal on climate change, sealed in Paris, has been welcomed by the EIB. The Bank, which is already the world's biggest provider of climate finance, will now play a key part in mobilising the additional resources needed, much of it from the private sector. Over the next five years, the EIB expects to provide around EUR 100 billion for investment in climate projects around the world.



Our internal carbon footprint

In addition to the carbon footprint methodologies we have developed to measure absolute greenhouse gas emissions generated by the projects we finance, we are also committed to minimising our internal carbon footprint as one of our corporate responsibility objectives. The progressive reduction of our carbon footprint is one of our sustainability objectives.

Going solar in the Adriatic

Rooftop solar systems on the Croatian island of Lošinj in the Adriatic Sea are producing emission free electricity for around 100 households. The project was funded by EIB partner Privredna banka Zagreb under the Green for Growth Fund.


Electrical evolution

To support the Poland’s ambitious renewable energy plans, we provided a PLN 178 million (EUR 45 million) loan for the construction and operation of a wind farm, located on two sites to the east and west of the village of Margonin. The windfarm produces enough electricity to meet the demand of about 55 000 households and accounts for 5% of Poland’s total installed wind capacity.




Products

We are partnering with others to unlock further investment in climate and environmental projects.  Our traditional financing products are medium and long-term loans with fixed or variable interest rates in euros or other currencies. We finance large projects with direct Project loans whereas we support smaller projects indirectly, through credit lines to local banks or other intermediaries. We complement our traditional lending with innovative finance products:




 Print
Copyright © European Investment Bank 2016
The European Investment Bank is not responsible for the content of external internet sites.