The EIB Blue Sustainable Ocean Strategy runs from 2019-2023
New support for coastal protection, blue biotechnology, seafood production and green shipping
Technical assistance and advisory services for ocean related projects
Today at the Our Ocean conference in Oslo, the European Investment Bank (EIB) launched the Blue Sustainable Ocean Strategy (Blue SOS) to improve the health of oceans, build stronger and more resilient coastal environments and enhance the sustainability of ocean-related activities.
The EIB, as the EU Bank, commits to more than double its lending to sustainable ocean projects to EUR 2.5 billion over the next five years. This funding is expected to mobilise at least EUR 5 billion of investment for the sustainable blue economy.
Underpinning this new strategy is the new EIB Clean and Sustainable Ocean Programme, which is stepping up EIB’s lending, technical assistance and advisory services to clean and sustainable ocean projects.
Speaking at the Our Ocean conference, EIB Vice President in charge of Climate Action and Environment Emma Navarro said: “The latest IPCC special report sends the urgent message that ambitious action is needed to address the unprecedented threats facing our oceans and their resources. Climate change is causing rising sea levels, ocean warming and acidification, while pollution and overfishing are further stressing ocean ecosystems. Today we are launching the EIB Blue Sustainable Ocean Strategy to mobilise investments that will support the blue economy while preserving the health of the oceans and their biodiversity. This new initiative will have tangible positive impacts on the climate and is an important part of the EIB’s ambition to strengthen its role as the EU Climate bank”.
EIB Global, the arm of the European Investment Bank (EIB) devoted to activities outside the European Union, and Banca Intesa Beograd, a member of the Intesa Sanpaolo international banking group, have signed a €100 million credit line aiming to enhance access to finance for small and medium enterprises (SMEs) and mid-caps in Serbia and support private sector-led green projects. Made available on favourable terms, including longer maturities, the funds will enable companies to address their liquidity and investment needs amid consecutive challenges, while increasing their capacity to generate jobs, scale up and decarbonise their businesses. Overall, this credit line will boost the resilience of the Serbian economy, increase its competitiveness and support employment.
The EIB Climate Survey, running since 2018, offers insights into climate change related views of people in major economies around the world, with more than 30 000 respondents in the European Union, the United States, China, India, Japan, the UK, UAE, Canada, and South Korea. The EIB is the lending arm of the European Union and the world’s largest multilateral lender for climate action projects.
The European Investment Bank (EIB) today launched the sixth edition of its Climate Survey. These are some of the most striking results of this annual survey conducted in August and September 2023. Running since 2018, the EIB Climate Survey offers insights into the climate change-related views of people in major economies around the world, with more than 30 000 respondents in the European Union, the United States, China, India, Japan, the United Kingdom, UAE, Canada and South Korea. The EIB is the lending arm of the European Union and the world’s largest multilateral lender for climate action projects.