MDB collaboration on Climate Action: global effort to meet a global challenge

The international community recognises the need to join forces to avert dangerous climate change. This requires mobilising financial resources from a wide range of sources. A group of Multilateral Development Banks (MDBs) comprising the AfDB, ADB, EBRD, EIB, IDB and WBG - IFC & WB, are launching the third annual joint report on Climate Finance in developing and emerging countries. The joint approach described in this report measures MDB engagement in climate action in a transparent and harmonised manner.

2013 was a year of great progress for the EIB’s climate action activities. Climate projects accounted for 27% of our total lending portfolio, underpinning our belief that considering climate action through an economic and social lens can help secure sustainable growth and lasting employment."

Werner Hoyer, EIB President

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EIB financing for climate action in 2013

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West African solar project gets EUR 23m EIB backing
	The EIB has agreed to provide EUR 23 million to support investment in one of the largest photovoltaic power stations in sub-Saharan Africa. The station will be constructed at Zagtouli on the outskirts of Ouagadougou, the capital of Burkina Faso and operated by national electricity utility, SONABEL.


Multilateral Development Banks agree to reinforce climate financing in the run-up to UN summit
The world’s six multilateral development banks pledged to maintain a strong institutional focus on climate change. This will include leveraging additional private sector investment, continuing to innovate and promote more robust and transparent climate finance tracking and reporting.


EIB boosts development of Swedish municipality Västerås with SEK 1.8 billion loan
	The EIB is providing a EUR 200 million long-term loan to finance small to medium-sized projects for upgrading municipal infrastructure in Västerås. Energy, mobility and housing schemes as well as schools, sports facilities, water and waste management will be supported by the EU’s bank as part of Västerås’s four-year investment programme, which runs from 2014 to 2017.

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Recent publications

	Joint Report on MDB Climate Finance 2013
	Sustainability report 2013
	Environmental and social standards - overview
	EIB Info: Partnering for accelerated innovation in Europe

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