Covering more than 70% of the Earth’s surface, oceans and seas are a precious shared resource. They provide food, medicines, renewable energy and natural resources to billions of people around the globe. They also play a vital role for the planet’s climate and biodiversity. Keeping them healthy is crucial for sustainable development and the reduction of poverty.
The EIB, as the EU climate bank, is investing in the sustainable blue economy and supporting initiatives aimed at reducing pollution and preserving this natural resource.
Three facts about our oceans
Keeping the oceans clean and healthy is crucial for sustainable development and the reduction of poverty
20 to 30%
of global greenhouse gas emissions absorbed by the oceans since the 1980s
8 million tonnes
of plactics discharged to the oceans every year
there will be more plastics than fish in the oceans by weight, if we don't act!
Considering the importance of oceans and the threats that they face, we are stepping up our lending and advisory activities to support oceans. The Clean and Sustainable Ocean Programme consists of the following two initiatives
The EIB, together with the German development bank KfW group and the Agence Française de Développement (AFD), has committed to provide up to EUR 2 billion in investment over the period 2018-2023. The Clean Oceans Initiative supports public and private sector in implementing sustainable projects that reduce or avoid plastics and other waste and clean up waste and wastewater before it reaches the ocean. As of October 2019, the initiative has already met more than a third of its investment target.