France: EIB and Eau de Paris commit to protecting biodiversity and ecosystems in Île-de-France
18 January 2022
On 17 December, the EIB granted a €3.75 million loan to Eau de Paris under the Natural Capital Financing Facility to support investments in biodiversity.
This credit line comes on top of a €130 million loan signed in July 2021 to finance Eau de Paris’s 2021-2026 investment programme.
The European Investment Bank (EIB) is supporting the biodiversity strategy of Eau de Paris, the City of Paris municipal water authority, with a loan of €3.75 million under the Natural Capital Financing Facility to implement measures to restore river connectivity and various programmes to enhance biodiversity. Technical assistance will also be provided alongside the financing. This new loan follows the signing of a €130 million loan last July between the EIB and Eau de Paris to finance the authority’s 2021-2026 investment plan.
The EIB support for Eau de Paris includes specific financing for integrating nature into the water authority’s activities, with a loan of €3.75 million under the Natural Capital Financing Facility. Thanks to its biodiversity strategy, Eau de Paris has become key to the green transition, with the strategy underpinning its commitment to biodiversity at all stages of the water cycle. Its extensive network in the Île-de-France Region is a backbone of ecological connectivity, and this investment will enable all local authorities to help strengthen links with nature.
The investments include measures to restore watercourses and various programmes to enhance biodiversity in areas covered or owned by Eau de Paris, including aqueducts and wetlands such as the Ru du Dragon Natura 2000 site. The greening of a portfolio of buildings and facilities in the City of Paris, many of which are old, will contribute to Paris’s climate strategy and to the quality of life of Parisians. This loan is complemented by technical assistance to improve Eau de Paris’s biodiversity monitoring processes and to support specific projects.
The EIB support for Eau de Paris’s biodiversity strategy follows the signing of a €130 million loan last July to finance part of its large-scale 2021-2026 investment plan. This includes the modernisation of drinking water infrastructure through rehabilitation, renewal and replacement works, measures to improve the reliability and security of supply, energy efficiency and renewable energy production measures, and new constructions and extensions to improve the treatment and distribution of drinking water.
“The signing of this financing marks a green start to the French Presidency of the Council of the European Union in the first half of 2022,” said European Commissioner for the Environment Virginijus Sinkevičius.
According to EIB Vice-President Ambroise Fayolle, “Investments in natural capital are essential for the modernisation of water supply infrastructure and for ensuring security of supply in a city the size of Paris. Eau de Paris’s projects support biodiversity and ecosystems, and the EIB, as the EU climate bank, is proud to be backing it through the Natural Capital Financing Facility.”
“The preservation of natural resources and biodiversity, and climate change mitigation and adaptation are at the heart of everything we do at Eau de Paris.The EIB support is a sign of confidence and optimism in addressing these fundamental issues,” said Dan Lert, Deputy Mayor of Paris in charge of the green transition, the climate plan, water and energy, and President of Eau de Paris.
About Eau de Paris
The first public water company in France, Eau de Paris delivers water of excellent quality at a fair price to its 3 million users every day.
Eau de Paris has some 900 employees who cover each stage of the water cycle — collection, treatment, distribution and customer relations — striving to always provide better and more innovative services.
Committed to protecting water, biodiversity and the climate, Eau de Paris manages its resources and assets sustainably and in collaboration with local partners. www.eaudeparis.fr
The European Investment Bank (EIB) was created by the Treaty of Rome and founded in 1958. It is the long-term financing institution of the European Union (EU), and its shareholders are the 27 EU Member States. The EIB’s remit is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. It borrows large volumes of funds on the capital markets and lends them on very favourable terms to support projects that contribute to attaining the European Union’s objectives. As the EU climate bank, it aims to encourage the emergence and deployment of new technologies to meet ongoing challenges such as the energy transition to a new green growth model. Of the over €10 billion in financing invested by the EIB in France in 2020, 48% went to projects combating or mitigating climate change.
The Natural Capital Financing Facility (NCFF) is a joint instrument of the European Investment Bank and the European Commission financed under the LIFE programme, the European Union’s funding instrument for the environment and climate action. It supports projects dedicated to biodiversity and/or nature-based adaptation to climate change. It is financed from the EIB’s own resources and benefits from a €50 million guarantee and €10 million of technical assistance under the LIFE programme. More information can be found on the EIB website: Natural Capital Financing Facility.
Crucial new investment to strengthen green infrastructure, benefit biodiversity and adapt infrastructure to a changing climate has been unlocked by the Natural Capital Financial Facility, a EUR 400 million initiative intended to better protect Europe’s natural capital.
On 2 November 2021, at the United Nations climate change conference in Glasgow, the European Investment Bank joined fellow multilateral development banks (MDB) by signing a joint statement undertaking to do more work to protect nature and stop biodiversity loss.
The EIB has signed a 5 million euro loan with CDC Biodiversité, the subsidiary of the French national promotional bank Caisse des Dépôts et Consignations. CDC Biodiversité will use the loan to support the rehabilitation and management of conservation sites around France. This will enable the sale of credits (Unités de Compensation) to clients which are required to offset their impacts on certain habitats and species as a condition of planning permission