Constructive dialogue between EIB Vice-President Emma Navarro and civil society organisations at the UN Climate Action Summit
24 September 2019
On the margins of the UN Climate Action Summit, EIB Vice-President Emma Navarro represented the Multilateral Development Banks (MDBs) in an open discussion with Civil Society Organizations (CSOs) about the alignment of the MDBs with the objectives of the Paris Agreement. The event was organised by the European Bank for Reconstruction and Development (EBRD).
The discussion reported on progress achieved by the MDBs in their approach to align their operations with the objectives of the Paris Agreement and discussed priorities from both parties on the way to COP 25. Finally, MDBs and Civil Society Organisations explored new ideas for cooperation.
On this occasion, Emma Navarro presented the new ambitious proposals for climate and energy from the EIB. She received warm appreciation from civil society representatives who said the EIB proposals were “a tremendous and powerful signal’.
Vice-President Navarro paid a tribute to the Civil Society Organizations for putting the climate change issue at the top of the agenda and highlighted the need to join efforts to tackle climate change.
“Effective partnerships can help unlock the potential impact of civil society in climate change, and help MDBs to improve their climate action to be more inclusive and effective. This is the reason why we were so keen to organise this event. To exchange openly with the organisations that are also working on this important topic. To seek constructive feedback from external partners”, Emma Navarro said.
She concluded by recalling the joint MDB statement, published a day before, presenting collective ambition to raise annual climate finance and further mobilise private investment in response to climate crisis.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.