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    The Belgium Ministry of Energy, Environment and Sustainable Development is organising a High-level Conference on Climate Change and Oceans Preservation on 19 February 2019 at the Egmont Palace, Brussels.

    See the programme

    The impact of climate change on the oceans and marine environment poses major challenges. Even with the most stringent emission reductions, global sea level will rise dramatically, disrupting life on land and in the seas. This conference will not only take stock of current issues but will also give countries, sectors and organisations the opportunity to sign the Brussels Declaration and thus reaffirm their commitment to future generations.

    EIB Vice-President Emma Navarro will participate in a panel about how to conciliate ocean energy with marine conservation. She will reaffirm the European Investment Bank’s commitment to advance the oceans and climate action agenda. In the context of the Paris Agreement, the EIB committed to provide at least 25% of our investments to climate change mitigation and adaptation, including a wide range of ocean and coastal projects. Read full speech of EIB Vice-President Emma Navarro.

    Last year the EIB provided more than 16 billion euro or over 29% of its overall financing to fight climate change. Protecting the worlds’ oceans is part of the Bank’s efforts to strengthen the global response to the threat of climate change.

    Please consult the EIB’s Climate and environment page for more information about the EU Bank’s involvement on climate action.


    EIB and the Blue Economy

    The EIB strongly supports the Blue Economy, or Ocean Economy, which includes all economic sectors that have a direct or indirect link with the oceans.

    To ensure that oceans are managed in a sustainable way and that their health is secured, the EIB has teamed up with the European Commission, WWF and the Prince of Wales’s International Sustainability Unit to develop the Sustainable Blue Economy Financing Principles with 14 voluntary Principles for the finance and investment community.


    Clean Oceans Initiative: how will this help the oceans?

    Much of the plastic that ends up in the oceans comes from waste discarded on land or in rivers by the 2 billion people who don’t have waste collection services.

    In October 2018, the EIB launched the Clean Oceans Initiative jointly with the KfW group and the Agence Française de Développement (AFD). Together, the three banks will provide up to €2 billion in lending over the next five years to help the public and private sectors implement sustainable projects that collect plastics and other waste and clean up wastewater before it reaches the ocean.

    This factsheet explains how the initiative works.

    Discover how we support the sustainable Blue Economy