European Investment Bank - The EU's Climate Champion
European Investment Bank - The EU's Climate Champion
Leading the Global Green Finance Revolution
The European Investment Bank (EIB) has positioned itself as the world's largest multilateral lender and a pioneer in climate finance. Since 2019, the EIB has committed to becoming the EU's climate bank, with an ambitious goal to mobilize €1 trillion in climate and environmental investments by 2030.
Transformative Climate Commitments
The EIB's climate strategy represents one of the most comprehensive approaches to green finance globally. The bank has committed to aligning all its financing activities with the Paris Agreement by 2023, effectively ending its support for fossil fuel projects. This decision alone redirects billions of euros annually toward clean energy, sustainable transport, and circular economy initiatives.
In 2023, the EIB provided over €70 billion in climate action financing, representing more than 50% of its total lending portfolio. These investments span renewable energy infrastructure, green buildings, sustainable agriculture, and innovative climate technologies across Europe and beyond.
Pioneering Green Bond Market
The EIB issued the world's first green bond in 2007, creating a financial instrument that has since become a cornerstone of sustainable finance. The bank has issued over €60 billion in green bonds to date, funding thousands of environmental projects and establishing market standards that other institutions follow.
Global Impact and Innovation
Beyond Europe, the EIB extends its climate finance expertise to developing countries through initiatives like the External Lending Mandate and partnerships with other multilateral development banks. The bank's technical expertise and risk assessment capabilities enable it to finance complex climate projects that might otherwise struggle to secure private investment.
The EIB's approach combines traditional project finance with innovative instruments like sustainability-linked bonds and blended finance mechanisms, creating a comprehensive toolkit for addressing climate challenges while maintaining financial sustainability.