Material for media use
EIB President Dr. Werner Hoyer said: “We will not solve the global climate and environment crisis without protecting and cleaning up the world’s oceans. To achieve this, partnership is key. That is why we are working with KfW and AFD, as well as governments, cities and the private sector, to finance projects that support the health of our oceans. We are very pleased with the progress achieved during the first year of the Clean Oceans Initiative and welcome the commitment from the National Promotional Bank of Spain, ICO, to join the initiative. This is a real success story and sends the strong message that European development finance institutions are working effectively together to address global challenges and to strengthen Europe’s leadership on climate action around the world”.
KfW CEO Dr. Günther Bräunig said: “The promising progress and the significant contribution to the preservation of the oceans are obvious and show us, that we are on the right track. But we would like to go even further and draw the attention also to the Joint Initiative on Circular Economy (JICE), launched in July by various European partners. It goes beyond recycling and starts already at the beginning of circular value chains within the EU with total financings of EUR 10 billion. Hence, COI and JICE may be considered as complementary initiatives with the common target to significantly reduce the threats to the environment and to the oceans caused by excessive waste consumption, in particular plastic waste. The motto is: prevent, reuse, recycle!”