EIB at the 2019 General Assembly of the United Nations
Supporting EU climate leadership ambitions
- Sep 21, 2019
- Sep 25, 2019
EIB will be present in an array of key events in the margin of UNGA.
Every year, the Member States of the United Nations meet in New York for the UN General Assembly (UNGA). The assembly brings together heads of states and representatives of key institutions to discuss global issues such as development, peace and security, international law and climate change.
Rapidly rising sea levels, increasing temperatures, and record levels of emissions have highlighted the need for urgent action to fight climate change. Accordingly, global responses to climate change will be a particularly prominent topic this year.
The European Investment Bank was present at an array of debates at the UNGA. President Hoyer and Vice-Presidents Emma Navarro and Ambroise Fayolle discussed the EIB’s role and ambition to strengthen global efforts to tackle climate change.
Alongside partners, the EIB explored how public finance institutions can better facilitate the flow of private capital into sustainable investments to reach the trillions of dollars needed to build a climate-neutral economy and a more resilient society.
Check out the programme of the events where the EIB participated.
As the EU bank, the European Investment Bank is committed to putting EU climate goals into practice both outside and inside Europe.
The EIB engages with companies, think-tanks, not-for-profit organisations, public authorities and other international financial institutions. We co-finance mitigation, adaptation and other climate related projects. We work closely with the other multilateral development banks (MDBs) and the members of the International Development Finance Club to harmonise concepts and approaches.
The Global Climate City Challenge is a joint initiative of the European Investment Bank (EIB) and the Global Covenant of Mayors (GCoM), representing over 9 000 cities from six continents, to provide technical assistance that helps prepare and fast-track financing of urban climate action projects.
As one of the largest multilateral providers of climate finance worldwide, we are committing at least 25% of our investments to climate change mitigation and adaptation, supporting low-carbon and climate-resilient growth.