On 17 December, the EIB granted a €3.75 million loan to Eau de Paris under the Natural Capital Financing Facility to support investments in biodiversity.
This credit line comes on top of a €130 million loan signed in July 2021 to finance Eau de Paris’s 2021-2026 investment programme.
The European Investment Bank (EIB) is supporting the biodiversity strategy of Eau de Paris, the City of Paris municipal water authority, with a loan of €3.75 million under the Natural Capital Financing Facility to implement measures to restore river connectivity and various programmes to enhance biodiversity. Technical assistance will also be provided alongside the financing. This new loan follows the signing of a €130 million loan last July between the EIB and Eau de Paris to finance the authority’s 2021-2026 investment plan.
The EIB support for Eau de Paris includes specific financing for integrating nature into the water authority’s activities, with a loan of €3.75 million under the Natural Capital Financing Facility. Thanks to its biodiversity strategy, Eau de Paris has become key to the green transition, with the strategy underpinning its commitment to biodiversity at all stages of the water cycle. Its extensive network in the Île-de-France Region is a backbone of ecological connectivity, and this investment will enable all local authorities to help strengthen links with nature.
The investments include measures to restore watercourses and various programmes to enhance biodiversity in areas covered or owned by Eau de Paris, including aqueducts and wetlands such as the Ru du Dragon Natura 2000 site. The greening of a portfolio of buildings and facilities in the City of Paris, many of which are old, will contribute to Paris’s climate strategy and to the quality of life of Parisians. This loan is complemented by technical assistance to improve Eau de Paris’s biodiversity monitoring processes and to support specific projects.
The EIB support for Eau de Paris’s biodiversity strategy follows the signing of a €130 million loan last July to finance part of its large-scale 2021-2026 investment plan. This includes the modernisation of drinking water infrastructure through rehabilitation, renewal and replacement works, measures to improve the reliability and security of supply, energy efficiency and renewable energy production measures, and new constructions and extensions to improve the treatment and distribution of drinking water.
“The signing of this financing marks a green start to the French Presidency of the Council of the European Union in the first half of 2022,” said European Commissioner for the Environment Virginijus Sinkevičius.
According to EIB Vice-President Ambroise Fayolle, “Investments in natural capital are essential for the modernisation of water supply infrastructure and for ensuring security of supply in a city the size of Paris. Eau de Paris’s projects support biodiversity and ecosystems, and the EIB, as the EU climate bank, is proud to be backing it through the Natural Capital Financing Facility.”
“The preservation of natural resources and biodiversity, and climate change mitigation and adaptation are at the heart of everything we do at Eau de Paris.The EIB support is a sign of confidence and optimism in addressing these fundamental issues,” said Dan Lert, Deputy Mayor of Paris in charge of the green transition, the climate plan, water and energy, and President of Eau de Paris.
About Eau de Paris
The first public water company in France, Eau de Paris delivers water of excellent quality at a fair price to its 3 million users every day.
Eau de Paris has some 900 employees who cover each stage of the water cycle — collection, treatment, distribution and customer relations — striving to always provide better and more innovative services.
Committed to protecting water, biodiversity and the climate, Eau de Paris manages its resources and assets sustainably and in collaboration with local partners. www.eaudeparis.fr
The European Investment Bank (EIB) was created by the Treaty of Rome and founded in 1958. It is the long-term financing institution of the European Union (EU), and its shareholders are the 27 EU Member States. The EIB’s remit is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. It borrows large volumes of funds on the capital markets and lends them on very favourable terms to support projects that contribute to attaining the European Union’s objectives. As the EU climate bank, it aims to encourage the emergence and deployment of new technologies to meet ongoing challenges such as the energy transition to a new green growth model. Of the over €10 billion in financing invested by the EIB in France in 2020, 48% went to projects combating or mitigating climate change.
The Natural Capital Financing Facility (NCFF) is a joint instrument of the European Investment Bank and the European Commission financed under the LIFE programme, the European Union’s funding instrument for the environment and climate action. It supports projects dedicated to biodiversity and/or nature-based adaptation to climate change. It is financed from the EIB’s own resources and benefits from a €50 million guarantee and €10 million of technical assistance under the LIFE programme. More information can be found on the EIB website: Natural Capital Financing Facility.
Waterleidingmaatschappij Limburg (WML), the water supply company operating in Limburg province in the Netherlands, has signed a €100 million finance contract with the European Investment Bank. WML will use the funding to carry out its 2023-2027 investment programme, which aims to rehabilitate and upgrade both the drinking water production facilities and the distribution network. Smaller investments to upgrade and securitise ICT infrastructure will also be included in the financing programme. The operation is expected to enhance the reliability and efficiency of WML’s water supply system, ensuring the security of supply of high-quality drinking water delivered to residents in the area.
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.
This financing of local energy company Sorégies supported by the InvestEU program is part of its strategic plan which puts renewable energy development centre stage. The group is taking another step towards achieving its goal of self-generating at least 1 000 GWh of electricity by 2030 — a change of scale that will enable it to keep implementing a local supply strategy by bringing its energy production and supply activities closer together.