- Our sectors
The EIB investments are helping to transform the energy sector in many ways. Our work is based on four themes:
Don’t choose extinction
The European Investment Bank is joining forces with the United Nations Development Programme (UNDP) in highlighting the need for urgent fossil fuel subsidy reform.
The world is spending annually $423 billion on fossil fuels subsidies while hundreds of millions of people live in poverty. Priorities must shift if we want humanity to survive and our planet to be protected.
“To stand a chance of limiting global warming, the world’s energy systems must transform fast,” said Werner Hoyer, President of the EIB.
EIB’s support for the Don’t Choose Extinction campaign builds on its ongoing partnership with UNDP, which helps countries access and leverage COVID-19 response financing and better prevent future crises.
EIB partners with United Nations on sustainable energy roadmap
Everyone in the world could have access to clean, affordable energy within the next nine years if countries modestly increase investments, according to new reports released by the United Nations. The proposed global roadmap outlines concrete actions to achieve clean, affordable energy for all by 2030 and net-zero emissions by 2050.
The EIB co-leads together with the International Energy Agency, International Finance Corporation and United Nations Economic Commission for Africa the report on finance and investment. Recommendations on financing and investment needed to achieve the 2030 and 2050 energy targets call for a tripling of clean energy investment to $5 trillion per year by 2030.