First EIB Circular Economy Conference in Copenhagen
More than 200 people gathered on 25 October 2018 at European Investment Bank’s first circular economy conference held in Copenhagen and organized by the EIB Institute. The conference brought together leading representatives and stakeholders from government, local authorities, industry and the financing sector to share knowledge and lessons learnt related to the following important areas: (1) plastics in the circular economy; (2) the circular bio-economy; and (3) the circular economy in cities.
In her opening remarks, EIB Vice-President Emma Navarro highlighted the EIB’s support to circular economy projects: “The future needs to be circular. It is an opportunity to combat climate change while making our economy more sustainable, create jobs and generate competitive advantages. The EIB provided EUR 2.1 billion of financing for circular economy projects during the last 5 years and we stand ready to do more through our lending and advisory services.”
The Vice-President also announced the creation of a working group with the main national promotional banks – KfW in Germany, CDC in France, CDP in Italy, ICO in Spain and BGK in Poland – to focus on the needs and potential of circular economy projects. She highlighted the publication of the new EIB Circular Economy Guide aiming to promote a common understanding of circular economy, and raise awareness about and promote circular solutions.
European Commissioner Karmenu Vella joined by video and stressed the need to curb the use of disposable single-use plastics. Other representatives from the European Commission presented the EU policies and strategies for circular economy and waste management in particular for plastics and construction waste.
The conference also highlighted a selection of projects across Europe, related to plastic upcycling, biofuel and bioplastics production, paper recycling and stories of circular initiatives from cities such as Copenhagen, Amsterdam and Kolding (Denmark).
This high profile conference was opened with an official welcome by the Honourable Ignacio Méndez Fernández, Vice-minister for the promotion of SMEs in the Ministry of Industry and Commerce (MICM) and his Excellency Gianluca Grippa, Ambassador of the European Union to the Dominican Republic. EIB Regional representative in the Caribbean, Yves Ferreira outlined how the bank is helping to support sustainable private sector growth in the region.
The conference focused on “Climate Finance: Challenges and Opportunities for the Caribbean Financial Sector” is designed to foster knowledge transfer around trends and innovation that affect the financial industry, facilitate the exchange of strategic experiences and encourage collaboration between regional stakeholders, experts and EIB Representatives.
On 19 February 2020 EIB President Werner Hoyer and Vice-President Dario Scannapieco met with Italian government leaders to broaden the scope of the EIB Group’s activities in the country. In a meeting in Rome with Italian President Sergio Mattarella, Italian Prime Minister Giuseppe Conte and the Minister of Economy and Finance of Italy Roberto Gualtieri, the Bank confirmed it will enhance cooperation on investments in the country thanks to a new Memorandum of Understanding with InvestItalia, the country’s government task force created in 2019 to boost both public and private investments.
European Investment Bank (EIB) President Werner Hoyer made his first visit to Athens and Nicosia this year, reaffirming the EU bank’s long-standing partnerships with Greece and Cyprus. In 2019, the EIB provided €2 billion of new investment for Greece covering climate action, health, clean energy, transport, small businesses and more. Cyprus received €230 million of new investment, which included support for urban development, transport, innovation, renewable energy and energy efficiency projects.