As the world's biggest provider of climate finance, the European Investment Bank (EIB) is taking part in One Planet Summit, an event where leading policymakers, experts and practitioners address the ecological emergency for our planet.
One Planet Summit takes place exactly two years after adoption of the historic Paris Agreement.
EIB President Werner Hoyer, Vice-President Jonathan Taylor, responsible for climate and environment, Vice-President Ambroise Fayolle and several EIB experts will join international leaders to discuss key aspects of climate action.
As announced at One Planet Summit in Paris, the EU Bank is to collaborate with the Global Covenant of Mayors to help cities finance climate action and build greener cities for future generations. The new partnership is under the umbrella of Global Urbis, an ambitious global initiative.
Two initiatives supported by the EIB have been praised by French president Emmanuel Macron at the One Planet Summit in Paris. One of the projects is a new fund - the Land Degradation Neutrality Fund - where the EIB will be a cornerstone investor. The other is a collaboration with the Global Covenant of Mayors to help cities finance climate action.
The EU Bank is one of the largest providers of climate-related investment globally. Our unique expertise and financial strength gets climate projects off the ground. However, the EIB cannot meet the challenge on its own. Together with other multilateral development banks we are committed to backing investment in transformational projects that cut emissions and address a changing climate. Innovative finance is key.
Innovative finance is key to mobilising private capital for climate action. The EIB develops new products, promotes pioneering approaches and creates investment opportunities to multiply its impact on the ground.
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