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    jun 2021

    Pollution affects everybody – through the air we breathe, the water we drink or the land we grow our food on. But it can be prevented. The EU Action Plan toward a Zero Pollution Ambition is a key action of the European Green Deal.

    It will help to create a toxic-free environment across the EU by better monitoring and, reporting, and by preventing and remedying pollution from air, water, soil, and consumer products. It will also support the post-COVID 19 recovery by helping to rebuild a more sustainable EU economy, creating job opportunities and reducing social inequalities. 

    European Green Week 2021 was dedicated to the “zero pollution ambition.” It also explored other relevant elements of the European Green Deal, such as the climate initiatives, the Chemicals Strategy, as well as action plans in the fields of energy, industry, mobility, agriculture, fisheries, health and biodiversity.

    The EIB Group places sustainability at the heart of these EU initiatives. The EIB Group Climate Bank Roadmap 2021-2025 guides our ambition. The Roadmap signals the urgency of the climate and environment crisis and represents our commitment, as the EU’s climate bank, to support the European Green Deal, help Europe become the first carbon-neutral continent by 2050 and contribute to the achievement of the UN Sustainable Development Goals.

    EU Green Week 2021 was an opportunity for the EIB to engage with all stakeholders and interested citizens on how we can work together to make the ambition for a zero pollution and toxic-free environment a reality.

    Sessions with EIB participation

    2 June

    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.

    Find out more

    Download our Ocean Plastics Reduction Guide

    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.”

    Find out more

    4 June

    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.

    Find out more

    Partner events

    8 June

    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.

    Register and check the agenda

    Climate Solutions podcast

    What would you give up to solve the climate crisis? Flights to exotic holidays? Red meat? Your car?…Climate Solutions surveyed 30 000 people in every EU country, in China, the US and the UK to find out what they’re ready to do to fight climate change. And whether they’re even worried about climate change at all now that COVID-19 threatens us. Then we spoke to experts about what it all means for the future of our planet.

      Listen to the podcast