The Clean Oceans Initiative
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 (COI) 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.