>@Shirin Wheeler/EIB
©Shirin Wheeler/EIB

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.

MDB joint statement

See full participation of the EIB in the UN Climate Action Summit 2019 and the UN General Assembly