Council President Donald Tusk positions EIB at United Nations as central to EU climate leadership
24 September 2019
The President of the European Council, Donald Tusk told global leaders meeting at the United Nations on Monday that “Europe is determined to lead the fight against today's climate threat,“ establishing the European Investment Bank firmly as one of the key means by which the EU will deliver on that ambition.
President Tusk was speaking at the UN Climate Action summit in New York, where EIB President Werner Hoyer had also addressed delegates in the General Assembly hall some hours earlier to detail the EU Bank’s climate ambition.
Donald Tusk said, “As the world's biggest climate finance donor, the EU together with its Member States are providing over 40% of public climate finance worldwide. These contributions have more than doubled since 2013, exceeding 20 billion euros per year. “
“And we will scale up our support even further, including through the European Investment Bank, which is the European Union’s financial arm. The European Council has made it clear that it expects the EIB to increase its ambition to deliver on climate action and environmental sustainability, within the EU but also in supporting our climate objectives globally.”
Within her first 100 days of office, Donald Tusk said the new President elect of the European Commission will present a European Green Deal . He urged, “ Looking ahead, we know that Europe must go further and faster.”
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.