Sessions with EIB participation
Stemming the plastic tide: Global partnerships to reduce pollution
2 June, 13:00-14:00 CEST, with the participation of EIB Lead Engineer Jonas Byström
The session discussed how the EU can best contribute to global efforts to switch to circular models and tackle plastic pollution. It highlighted EU efforts to reach a global agreement on plastics as well as international initiatives to promote the uptake of a circular economy approach on plastics. Interventions discussed different strategies and cooperation areas contributing to these objectives.
Projects supported by the EU were introduced as practical examples of partnerships promoting a circular economy, including action against plastic pollution.
Download our Ocean Plastics Reduction Guide
Money talks! Everything you always wanted to know about the “EU taxonomy” (but were afraid to ask)
2 June, 15:30-16:30 CEST, with the participation of EIB Senior Environmental Specialist Nick Marchesi
In order to meet the EU’s climate and energy targets for 2030 and reach the objectives of the European Green Deal and the upcoming zero-pollution action plan, it is essential to direct investments towards sustainable projects and activities that reduce pollution and contribute to other environmental objectives.
The COVID-19 pandemic has reinforced the need to redirect capital flows towards sustainable projects in order to make our economies, businesses, societies and, in particular, our health systems, more resilient to climate and environmental shocks and risks. Moving towards a toxic-free environment would have clear co-benefits for health and the environment.
To achieve this capital shift, a common language and a clear definition of what is “sustainable” is needed. This is why the action plan on financing sustainable growth calls for the creation of a common classification system for sustainable economic activities, or an “EU taxonomy,” with its six underlying environmental objectives, including the area of “pollution prevention and control.”
Redirecting sustainable investment: green bonds and beyond
4 June, 10:00-11:00, organised jointly by the EIB and the Joint Research Centre, with the participation of EIB Head of Sustainability Financing Aldo Romani
Climate action and reducing pollution are at the heart of the European Green Deal. The related Investment Plan, worth €1 trillion over the next decades, calls for the deployment of adequate financial instruments to mobilise such unprecedented amount of resources. Analysts anticipate a green bond rush, with governments and companies expected to issue green debt for nearly half of total volumes issued since market inception.
The EIB plans to increase its level of support to climate action and environmental sustainability to exceed 50% of its overall lending activity by 2025 and beyond. The announced €250 billion green bond issuance by the European Commission under Next Generation EU will consolidate Europe’s leadership on the market, while the forthcoming proposal for an EU Green Bond Standard is expected to provide further stimulus to this asset class.
Information provided by the issuers shows that so far they have been used to finance a very broad range of investment projects within renewable energy, energy efficiency, low carbon transport, sustainable water, and waste and pollution, a clear sign of the potential of this financial instrument to raise funds in all critical areas of the Zero Pollution Action Plan.
This session gathered key actors of these developments to review existing and prospective financial instruments that companies, governments and supranational institutions can use to meet the ambitious EU climate and environmental targets.
Streamlining Biodiversity in Companies' Decision Making
8 June, 10:00 - 11:30 CEST, with the participation of EIB Senior Environment & Biodiversity Specialist Eva Mayerhofer
Companies are increasingly aware of the value of nature and its biodiversity to their business and to the planet. Therefore, minimizing pollution and other negative impacts on biodiversity is key to business success.
This webinar aims at giving companies the intelligence they need to improve the integration of biodiversity into business decision-making.