EIB, the roadmap to become a climate bank
More than 50% of the funding will go to sustainability
The EIB (European Investment Bank) approved the “Climate Bank Roadmap 2021-2025,” the document
that contains the guidelines that will align the financial institution’s action over the next five
years with the European Union's Green Deal.
This roadmap defines “the stages of the path towards sustainable investment as well as providing a framework to combat climate change and protect the environment,” reads the EIB website.
The roadmap will turn the EIB into a “climate bank” as funding to support climate action will exceed 50% of the total. Furthermore, all funding will be “aligned” with the principles and targets of the Paris climate agreement.
The strategy drawn up by the EIB sets out a commitment to pursue four fundamental guidelines: accelerate the global transition by increasing “green” investments and supporting innovation and new business models, provide that the transition is fair and just, ensure that no activity will damage the transition, insert these first three elements in an approach consistent with sustainable finance.
Energy Morning is an information service on facts and news on the energy industry. As such, the contents of this service do not directly or indirectly reflect the vision and strategy of Snam on the topics covered.
16 November 2020 - 15:30 CET