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    EU’s climate bank

    The EIB Group Climate Bank Roadmap 2021-2025 guides our climate ambition. The Roadmap signals the urgency of the climate and environment crisis and represents our commitment, as the EU’s climate bank, to support the European Green Deal, help Europe become the first carbon-neutral continent by 2050 and contribute to the achievement of the UN Sustainable Development Goals.

    Find out more  

    The European Investment Bank is one of the world’s main financiers of climate action.

    The decade 2021-2030 is critical to address our planet's climate and environment emergency. To achieve this, trillions of investment are required. We must:

    • limit global warming to 1.5°C above pre-industrial levels by the end of this century,
    • adapt to the unavoidable impacts of climate change
    • combat environmental degradation,
    • halt biodiversity loss, and
    • stop widening inequalities.

    The European Union is at the forefront of the global fight against greenhouse gas (GHG) emissions and to adapt to a changing climate. It plays a leading role in implementing the Paris Agreement. The EIB Group places sustainability at the heart of these EU initiatives.

    We must work together to reduce greenhouse gases and to improve the resilience to climate change impacts. Fighting climate change and preparing cities for the changes happening right now will help everyone in the world.

    Since 2012, the EIB has provided €197 billion of finance* supporting over €670 billion of investment in projects that protect the environment, reduce emissions and help countries adapt to the impacts of climate change.

    * €171 billion focused on climate action and €26 billion dedicated to environmental protection

    Key publications

    Key areas

    Climate action explained

    Our lending is aligned with the Paris Agreement and promotes adaptation, mitigation and environmental sustainability

    Climate Bank Roadmap

    Find out how the roadmap provides a framework to counter climate change and protect the environment during the critical decade ahead

    Environmental protection

    We carefully check that our projects meet our environmental and social principles and standards and conform with our corporate responsibility commitments

    Supporting your project

    We work with many parts of the public and private sectors to increase investment in projects that help the climate and environment

    Useful resources

     

    Green & sustainability bonds

    We are among the largest multilateral issuers of green and sustainability bonds.

     

    Together on climate

    The EIB and its partners ensure that climate considerations are mainstreamed into all activities.

     

    Internal carbon footprint

    Not only do we measure the carbon footprint of all our investment projects, we are also committed to reducing our own carbon footprint.

     

    Climate change and academia

    The EIB Institute works closely with the academic community to advance research on climate change and sustainability. We have sponsored the creation of two Climate Chair positions with the European University Institute and Sciences Po to promote research in the field.

    1. 15 and 16 June 2001

      European Council of Gothenburg: The EU’s sustainable development strategy is endorsed and the EIB is asked to support it. This image shows the EIB’s involvement in investments that protect our planet from the negative effects of climate change. Since 2002, the Bank and the Commission have been working together in this field.

    2. 4 July 2007

      The EIB issues the world’s first green bonds on the capital markets, called Climate Awareness Bonds (CABs). The funds raised have help finance renewable energy and energy efficiency projects.

      Starting June 2020, per the EU Taxonomy Regulation, the proceeds from can be used to support other areas of our work to fight climate change, including research, development and deployment of innovative low-carbon technologies, electric rail infrastructure and rolling stock, and electric buses.

      Discover in this video some of the projects that CABs have supported.

    3. September 2010

      Adoption of EIB’s Environmental and Social Handbook, setting guidelines to include environmental concerns and human well-being in our projects.

    4. 23 July 2013

      Launch of an Emissions Performance Standard (EPS) for all fossil fuel generation projects, which screens out investments whose carbon emissions exceed a threshold level. The EPS becomes part of EIB’s extensive set of climate standards.

    5. 22 September 2015

      The EIB adopts its climate strategy, the result of a public consultation that has reviewed the EIB Group’s approach to climate action. The EIB Climate Strategy describes the Bank’s vision for its future work on climate action.

    6. 6 September 2018

      The EIB issued its first Sustainability Awareness Bonds on the capital markets, intended to directly support sustainable finance. Initially focused on water projects, starting in 2019 SAB proceeds could be used to support education and health projects and, in 2020, to other financing areas directly related to the fight against COVID-19.

      Watch the video for more information on the Sustainability Awareness Bonds.

    7. 14 November 2019

      Adoption of an ambitious Energy Lending Policy
      Following an intensive stakeholder engagement, the EIB Group decides to phase out the financing of unabated fossil fuel energy projects, including natural gas, by the end of 2021. The Energy Lending Policy is a milestone in the Climate Bank’s fight against climate change. The Board of Directors also approves a new ambition for climate and environmental sustainability.

    8. 11 November 2020

      EU member states approve EIB Group Climate Bank Roadmap 2021-2025
      The Roadmap sets out in detail how the EIB Group will support the objectives of the European Green Deal and sustainable development outside the European Union in the critical decade 2021-2030. It comes at the end of a stakeholder engagement that included two major events in March and June and more than 200 written submissions to the Bank.