The document summarizes the European Investment Bank's (EIB) efforts to finance climate action projects outside of the European Union. In 2016, the EIB provided €19.6 billion for specific climate action projects, exceeding its 25% financing target and channeling €1.9 billion to developing countries. To further support the Paris Agreement, the EIB aims to increase its climate finance for developing countries to 35% by 2020. The EIB utilizes a variety of financial instruments and engages the private sector to maximize its impact through leverage, catalytic effects, and expertise. Several example projects financed by the EIB through loans, blending of funds, and fund-of-funds investments are provided.
Presentation on Horizon 2020 – Societal Challenge 5 Can we improve our performance? Have Your Say - Dr. Brian Donlon, EPA Research Manager, given at Session 4 at EPA H2020 SC5 Info Day 7.10.16
Presentation on Horizon 2020 – Societal Challenge 5 Can we improve our performance? Have Your Say - Dr. Brian Donlon, EPA Research Manager, given at Session 4 at EPA H2020 SC5 Info Day 7.10.16
Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014.
Read more about the world leading platform for Sustainable Infrastructure Finance at www.gib-foundation.org.
Next Summit: 27 & 28 May 2015 in Switzerland
A workshop was held in the IFSC on December 8th 2016, looking at financial incentives to promote citizen investment in renewable energy. The workshop was organised by Dr. Celine McInerney, Cork University Business School, and Joseph Curtin, UCC. It was funded by the EPA Research programme.
A workshop was held in the IFSC on December 8th 2016, looking at financial incentives to promote citizen investment in renewable energy. The workshop was organised by Dr. Celine McInerney, Cork University Business School, and Joseph Curtin, UCC. It was funded by the EPA Research programme.
Presentation on The Water JPI Joint Programming Initiative Water Challenges for a Changing World - Maurice Héral, Water JPI Chair given at Session 3b at EPA H2020 SC5 Info Day 7.10.16
John Bell (Senior partner, CurvedThinking) discussed developing a South East EU Investment prospectus.
Developing a South East EU Investment Prospectus, VCS workshop 09 September 2013, by John Bell, Curved Thinking
Find out more about NCVO's European policy work: http://europeanfundingnetwork.eu
The main topic of this presentation was the EU Common Strategic Framework Funds in England (2014-2020).
Government proposals were discussed on 7 December 2012.
Find out more about NCVO's european policy work: http://europeanfundingnetwork.eu
MEDiterranean DEvelopment of Support schemes for solar Initiatives and Renewable Energies
Sviluppato nell’ambito del Programma di Cooperazione Territoriale Europea CBC Enpi - Bacino del Mediterraneo, il progetto mira a diffondere l’efficienza energetica e, in particolar modo, l’energia solare in tutta l’area del Mediterraneo, attraverso lo studio di piani di finanziamento innovativi e di strumenti d’incentivazione del mercato.
Target specifici di MED-DESIRE sono le amministrazioni centrali e locali, istituzioni e agenzie dei paesi partner, le piccole e medie imprese locali, tecnici e professionisti, gli istituti finanziari, le associazioni imprenditoriali e i distretti industriali. I beneficiari finali, che potranno usufruire dell’impatto a lungo termine del progetto, sono le comunità locali, i consumatori di energia e i centri di ricerca e le università.
Avviato nel febbraio 2013, MED- DESIRE ha una durata di 35 mesi (fino a dicembre 2015).
Presentation of report in the European Parliament. The report is on the integration of climate change objectives into the EU budget.
http://www.ceps.eu/book/future-sustainable-competitive-and-greener-eu-budget-integrating-climate-change-objectives
Unlocking Capital for Land Use and Conservation Projects: the Business Case f...CIFOR-ICRAF
This presentation by The European Investment Bank's James Ranaivoson was given at a session titled "Unlocking Capital for Land Use and Conservation Projects: the Business Case for Investing" at the Global Landscapes Forum: The Investment Case on June 10, 2015. For more, please visit http://www.landscapes.org/london/
Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014.
Read more about the world leading platform for Sustainable Infrastructure Finance at www.gib-foundation.org.
Next Summit: 27 & 28 May 2015 in Switzerland
A workshop was held in the IFSC on December 8th 2016, looking at financial incentives to promote citizen investment in renewable energy. The workshop was organised by Dr. Celine McInerney, Cork University Business School, and Joseph Curtin, UCC. It was funded by the EPA Research programme.
A workshop was held in the IFSC on December 8th 2016, looking at financial incentives to promote citizen investment in renewable energy. The workshop was organised by Dr. Celine McInerney, Cork University Business School, and Joseph Curtin, UCC. It was funded by the EPA Research programme.
Presentation on The Water JPI Joint Programming Initiative Water Challenges for a Changing World - Maurice Héral, Water JPI Chair given at Session 3b at EPA H2020 SC5 Info Day 7.10.16
John Bell (Senior partner, CurvedThinking) discussed developing a South East EU Investment prospectus.
Developing a South East EU Investment Prospectus, VCS workshop 09 September 2013, by John Bell, Curved Thinking
Find out more about NCVO's European policy work: http://europeanfundingnetwork.eu
The main topic of this presentation was the EU Common Strategic Framework Funds in England (2014-2020).
Government proposals were discussed on 7 December 2012.
Find out more about NCVO's european policy work: http://europeanfundingnetwork.eu
MEDiterranean DEvelopment of Support schemes for solar Initiatives and Renewable Energies
Sviluppato nell’ambito del Programma di Cooperazione Territoriale Europea CBC Enpi - Bacino del Mediterraneo, il progetto mira a diffondere l’efficienza energetica e, in particolar modo, l’energia solare in tutta l’area del Mediterraneo, attraverso lo studio di piani di finanziamento innovativi e di strumenti d’incentivazione del mercato.
Target specifici di MED-DESIRE sono le amministrazioni centrali e locali, istituzioni e agenzie dei paesi partner, le piccole e medie imprese locali, tecnici e professionisti, gli istituti finanziari, le associazioni imprenditoriali e i distretti industriali. I beneficiari finali, che potranno usufruire dell’impatto a lungo termine del progetto, sono le comunità locali, i consumatori di energia e i centri di ricerca e le università.
Avviato nel febbraio 2013, MED- DESIRE ha una durata di 35 mesi (fino a dicembre 2015).
Presentation of report in the European Parliament. The report is on the integration of climate change objectives into the EU budget.
http://www.ceps.eu/book/future-sustainable-competitive-and-greener-eu-budget-integrating-climate-change-objectives
Unlocking Capital for Land Use and Conservation Projects: the Business Case f...CIFOR-ICRAF
This presentation by The European Investment Bank's James Ranaivoson was given at a session titled "Unlocking Capital for Land Use and Conservation Projects: the Business Case for Investing" at the Global Landscapes Forum: The Investment Case on June 10, 2015. For more, please visit http://www.landscapes.org/london/
Alessandro Carano is Adviser to the deputy Director General of the European Commission Directorate for Economic and Financial Affairs. He works on the Investment Plan for the Europe and the European Fund for Strategic Investment.
He was previously Managerial adviser and Head of Unit at European Investment Bank, responsible for the institutional relationship with EU Institutions and other IFIs on policies and activities outside the EU. He led the negotiations on the new EIB External Lending Mandate for the period 2014-2020, allowing up to EUR 30bn in EIB financing in support of EU external action. He contributed to the establishment of the Western Balkans Investment Framework and other blending mechanisms. He worked on the Mid Term review of EIB external mandate including support to the steering committee of wise persons chaired by M. Camdessus, and subsequent codecision procedure. He has also worked in the Projects directorate of the EIB. Previously he worked for Procter & Gamble. He holds an MBA from Vlerick management school and engineering MSc degree from Turin Politechnic University.
Summary of Intelligent Energy Europe (IEE) project-SMILEGOV
The IEE funded project Smarter Multi Level Governance (SMILEGOV) is examining the major barriers to creating a low carbon society on islands. It is bringing together the various stakeholders and the multilevels of governance required to achieve the EU target of 20% reduction in Carbon and 20% increase in renewable energies by the year 2020, ie less than 6 years from now. The crux of the project is to engage all stakeholders including islanders to agree to the Pact of Islands. The pact asks for commitment to examine and agree an island energy action plan within 12 months of signing the document.
Using the Pan European Island programme SMILEGOV, we are working with other islands as per the Pact of Islands. To date, Arainn Mhor is creating a story board, a platform to collaborate, creating a model that others can emulate by working together.
Presentation at the 3rd European Nutrient Event (ENE3) at Ecomondo 2018, 8 - 9 November, Rimini, Italy - Towards circular economy of phosphorus and other nutrients
Co-organised by the European Sustainable Phosphorus Platform (ESPP) and Horizon 2020 project SMART-Plant.
More information
www.smart-plant.eu/ENE3
www.phosphorusplatform.eu
Innovative Financial Models and Programmes for the Delivery of Energy Efficie...Steven Fawkes
Presentation setting out models of finance and programmes for Energy Efficiency Projects. Stresses the point that EE is only a small market and won't really change the way that finance works.
Agroecology in fragile contexts in sub-Saharan AfricaFrancois Stepman
12 June 2024. Agroecology in fragile contexts in sub-Saharan Africa: What can agroecology offer in times of crises? a joint initiative of the Sufosec Alliance and the Swiss Agency for Development and Cooperation (SDC)
Speakers:
Nicole Stolz SWISSAID SDC Headquarters
Christian Wirz VSF Switzerland
Ibrahima Aboubacar Dada SWISSAID Niger
Michael Hauser Vienna University of Natural Resources and Life Sciences
Beruk Yemane VSF Ethiopia
Barro Arnaud Albert SDC Niger ADIF
Boureima Adamou , Fastenaktion Burkina Faso
Abdikarim Aden SDC Kenya
Abel Gouba SDC Burkina Faso
The Innovative Agriculture for Smallholder Resilience (iNASHR) project (Egypt) was implemented over 3 years during which there was the COVID-19 pandemic, in addition to instability in farm prices and uncertainties in water availability.
Despite this, 18 teams of Entrepreneurs for Rural Access (ERAs) serving as digital extension service providers were able to reach more than 60,000 people in rural communities between 2021 and 2023.
Three specially commissioned “farmer-to-farmer” style training videos were produced (see at the bottom of this blog post),
and 60 other relevant Access Agriculture videos were translated into Arabic and shown to farmers.
These active service providers, half of whom are women, used a solar-powered smart projector to reach communities where access to power supply, internet connection and mobile phone signal can be challenging.
West Africa Scene Setting African Continental Master Plan (CMP) for electrici...Francois Stepman
6 February 2024. Drive Renewable Energy Investments in West Africa Hosted by IRENA Coalition for Action
Recording forthcoming
The session covered the African Continental Master Plan (CMP) for electricity generation and transmission, delved into West Africa's electricity sector, and presented recommendations from the Policy Brief titled:
IRENA (2023) Scaling up renewable energy investments in West Africa # 12 p.
https://paepard.blogspot.com/2024/02/drive-renewable-energy-investments-in.html
Scaling up renewable energy investments in West AfricaFrancois Stepman
6 February 2024. Drive Renewable Energy Investments in West Africa Hosted by IRENA Coalition for Action
Recording forthcoming
The session covered the African Continental Master Plan (CMP) for electricity generation and transmission, delved into West Africa's electricity sector, and presented recommendations from the Policy Brief titled:
IRENA (2023) Scaling up renewable energy investments in West Africa # 12 p.
https://paepard.blogspot.com/2024/02/drive-renewable-energy-investments-in.html
Advances of the AU-EU FNSSA Partnership towards Food Systems TransformationFrancois Stepman
23-25 January 2024. Joint SCAR workshop: “Research needs and priorities for the transformation to Sustainable Food Systems (SFS) at European and global level”
https://paepard.blogspot.com/2024/01/research-needs-and-priorities-for.html
Research needs for sustainable food systems – concepts and prioritiesFrancois Stepman
23-25 January 2024. Joint SCAR workshop: “Research needs and priorities for the transformation to Sustainable Food Systems (SFS) at European and global level”
https://paepard.blogspot.com/2024/01/research-needs-and-priorities-for.html
The Scientific Advice Mechanism (SAM) of the EC: its principles and working p...Francois Stepman
6 - 17 March 2021. In 2021, Aarhus University hosted the first European Seminar on science-based advice in agriculture and environment
More than 200 researchers and advisers from all over Europe participated. One of the conclusions was, that there is a need to learn from each other, to share best practices and to discuss the main principles, in order to strengthen the evidence based policy development in Europe. See: https://paepard.blogspot.com/2024/01/science-based-advice-for-policy-in.html
Transformation: An introductory guide to fundamental change for researchers a...Francois Stepman
7 Sep 2023 12:30 - 14:00 CEST. Transformation: An introductory guide to fundamental change for researchers and change makers in a world of crises
Fazey, I and Colvin, J. (2023). Transformation: An introductory guide to fundamental change for researchers and change makers in a world of crises - A Report for the Transforming UK Food Systems SPF Programme. University of York, Emerald Network Ltd. #52 p.
Online workshop based on a newly published report by Professor Ioan Fazey (University of York) and Dr John Colvin (Emerald Network Ltd) for the UKRI Transforming UK Food Systems SPF Programme.
This workshop was be an opportunity to learn, and engage with others, about the concept of transformational change in a context of a rapidly changing world.
The authors gave an overview of the concept of transformation and highlighted some of the critical aspects that need to be considered when embarking on an initiative, approach or campaign which is intended to be transformational. They talked about the challenges and opportunities of adopting these concepts in practice and research and there was an opportunity for participants to explore with others their own understanding and approaches to transformation.
Presentation by Kathelijne Beenen, Netherlands Space Office - Space for Climate Adaptation and Food Security
https://paepard.blogspot.com/2023/05/earth-observation-artificial.html
Machine learning for the environment: monitoring the pulse of our Planet with...Francois Stepman
Presentation by Davis Tuia, EPFL - Machine learning for the environment: monitoring the pulse of our Planet with remotely sensed data
25 May 2023. 9H30 - 16H25 Earth Observation & Artificial Intelligence solutions for climate change challenges
This new edition of the AI4Copernicus event focused on climate change and its impact on energy, food and water security. To withstand current and future pressures on our natural resources, integrated and sustainable management practices are required to balance the needs of people, nature and the economy.
https://paepard.blogspot.com/2023/05/earth-observation-artificial.html
‘How is the African insurance industry responding to climate change?’Francois Stepman
6 June 2023. ‘How is the African insurance industry responding to climate change?’
https://paepard.blogspot.com/2023/06/how-is-african-insurance-industry.html
The insurance industry is exposed to the risks of climate change and that risk is increasing. Insurers should be aware of these risks and the potential impact on their business. A 2019 global survey [With Climate Impacts Growing, Insurance Companies Face Big Challenges] found that 72 percent of insurance companies believe climate change will affect their business, but 80 percent of them have not taken significant steps to lessen climate risks. Moreover, insurance companies invest the money from the premiums they collect in the financial markets. They have $582 billion invested in fossil fuels investments that could be devalued as climate risks increase.
As natural disasters become more frequent and more costly, insurance companies are facing big challenges. If insurers are to weather the storms ahead, they’ll need to make some changes. The insurance industry needs to make substantial changes to deal with its own climate risks. Some of these changes could also enable insurance companies to help speed the transition to a net-zero society.
Speakers
Diana Castro (picture) is part of UNEP. As the Programme
Supervisor of the Principles for Sustainable Insurance (PSI) initiative, Diana oversees the largest collaboration between the United Nations and the insurance industry, which has over 250
members worldwide committed to integrating Environmental, Social, and Governance risks into their decision-making.
Lesley Ndlovu (picture) is currently the Chief Executive Officer of African Risk Capacity “ARC” Ltd, based in Nairobi, Kenya.
Kelvin Massingham is Director of Risk and Resilience at FSD Africa, where he is responsible for driving financial market innovation in Africa to increase resilience and create pathways for green finance to flow towards a net-zero and nature-positive future.
How are African banks coping with Climate ChangeFrancois Stepman
16 May 2023. This webinar discussed how climate-related risks threaten the functioning of banking institutions as well as the stability of the financial system.
Climate change and climate policy affect the balance sheets and business models of banks in different ways. African banks are vulnerable to the increasing frequency and severity of climate change shocks. They are also increasingly aware of the importance of adopting green financing principles, seeking to address risks and more importantly, to grasp new opportunities.
However, only 17% of banks have so far introduced specific green financing products, and these are estimated to account for only 2-20% of their portfolio . The webinar discussed how climate-related risks threaten the functioning of banking institutions as well as the stability of the financial system. The discussions also shed light on initiatives of banks to implement sustainable practices and central banks to create an enabling environment for sustainable finance drawing on international best practices.
http://paepard.blogspot.com/2023/05/climate-and-african-financial-sector.html
Webinar 1: Climate Change: What does it mean for the Financial Sector in Africa?
Financial institutions can play an important role in society’s adaptation to climate change risks mitigation. This webinar will highlight risks and opportunities that climate change poses for the financial sector in Africa and discuss how financial institutions can best respond to these, in a sustainable manner. In particular, the webinar is expected to:
Raise awareness on climate change within the financial industry in Africa and facilitate a broader dialogue aimed at integrating climate change considerations;
Clarify the pivotal role the financial sector can play in mitigating climate change risks and adapting to its effects; and
Present examples of transformative change in financial institutions’ practices
Speakers
Paul SMITH has worked for the climate team at the United Nations’ Environment Programme Finance Initiative (UNEP FI) for over four years. Paul leads UNEP FI’s climate adaptation and physical risk work supporting the Climate Risk Programme, the Climate Adaptation Working Group of the Principles for Responsible Banking and the Adaptation and Resilience Investor Collaborative (ARIC). He also leads on climate policy in partnership with the Investor Agenda and has co-authored The Climate Risk Landscape, Physically Fit? and Adapting to a New Climate, as well as contributing to Climate Risk: Managing the Financial Risk and Funding the Transition
Anthony NYONG is the Director of Climate Change and Green Growth at the AfDB. Mr. Nyong has about 30 years of experience in environmental and natural resources management, renewable energy and green growth. He was a Coordinating Lead Author for the IPCC Fourth Assessment Report and a member of the IPCC Task Group on Data and Scenario Support for Impact and Climate Analysis.
David ASHIAGBOR is the Chief Financial Sector Strategy Officer in the Financial Sector Development Department of the African Development Bank. He is currently leading the design and development of the Bank’s new Financial Sector Development Strategy, in addition to supporting the Director on policy and strategy issues.
Marina FINKEN is the Partnership Coordinator for Making Finance Work For Africa (MFW4A). She is an experienced Finance Professional who, before joining MFW4A had a successful career within Big 4 firms, providing audit and advisory services to large Banking groups and other financial services entities.
Transforming Research into Programs and Policies: How to Use the Research-to-...Francois Stepman
March 9 Transforming Research into Programs and Policies: How to Use the Research-to-Action Plan Section
Guest Speaker: Dr. Marlene Lee, PRB, United States
The webinar introduces you to how you can use the Research-To-Action (R2A) Plan Section to develop a step-by-step plan to communicate your research findings, attract influential stakeholders, and ensure your research leads to action.
Capturing Attention How To Use The Research Translation Toolkit’s Communicati...Francois Stepman
March 9 Transforming Research into Programs and Policies: How to Use the Research-to-Action Plan Section
Guest Speaker: Dr. Marlene Lee, PRB, United States
Speaker bios
This webinar introduces you to how you can use the Research-To-Action (R2A) Plan Section to develop a step-by-step plan to communicate your research findings, attract influential stakeholders, and ensure your research leads to action.
Generative Artificial Intelligence 3/14/2023 Johannes Schunter Head of Knowle...Francois Stepman
14 March 2023. Useful applications of ChatGPT in knowledge work
Johannes Schunter showed a number of useful applications in development work ; what the bot is good at and what it is not good at. He is Head of Knowledge Management · Evangelisches Werk für Diakonie und Entwicklung e.V., Berlin, Germany.
How to Use the Research Translation Toolkit’s Stakeholder Analysis SectionFrancois Stepman
23 February 2023 Reaching the Right People at the Right Time: How to Use the Stakeholder Analysis Section
Guest Speaker: Dr. Jose Rodriguez, International Consultant, Philippines
This webinar introduced the Stakeholder Analysis Section to identify influential individuals or groups who might use your research, and plan effective engagement with them to increase the impact of your research insights or technical innovations.
February 9 A Vital Resource: Exploring USAID’s Research Translation Toolkit
This webinar introduced the importance of research translation – the process that transforms research findings into a form that is relevant to practitioners or other audiences – and provides a high-level overview of the Research Translation Toolkit, including real world examples of research teams that have used the processes from the toolkit.
This presentation, created by Syed Faiz ul Hassan, explores the profound influence of media on public perception and behavior. It delves into the evolution of media from oral traditions to modern digital and social media platforms. Key topics include the role of media in information propagation, socialization, crisis awareness, globalization, and education. The presentation also examines media influence through agenda setting, propaganda, and manipulative techniques used by advertisers and marketers. Furthermore, it highlights the impact of surveillance enabled by media technologies on personal behavior and preferences. Through this comprehensive overview, the presentation aims to shed light on how media shapes collective consciousness and public opinion.
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsRosie Wells
Insight: In a landscape where traditional narrative structures are giving way to fragmented and non-linear forms of storytelling, there lies immense potential for creativity and exploration.
'Collapsing Narratives: Exploring Non-Linearity' is a micro report from Rosie Wells.
Rosie Wells is an Arts & Cultural Strategist uniquely positioned at the intersection of grassroots and mainstream storytelling.
Their work is focused on developing meaningful and lasting connections that can drive social change.
Please download this presentation to enjoy the hyperlinks!
Mastering the Concepts Tested in the Databricks Certified Data Engineer Assoc...SkillCertProExams
• For a full set of 760+ questions. Go to
https://skillcertpro.com/product/databricks-certified-data-engineer-associate-exam-questions/
• SkillCertPro offers detailed explanations to each question which helps to understand the concepts better.
• It is recommended to score above 85% in SkillCertPro exams before attempting a real exam.
• SkillCertPro updates exam questions every 2 weeks.
• You will get life time access and life time free updates
• SkillCertPro assures 100% pass guarantee in first attempt.
Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...Suzanne Lagerweij
This is a workshop about communication and collaboration. We will experience how we can analyze the reasons for resistance to change (exercise 1) and practice how to improve our conversation style and be more in control and effective in the way we communicate (exercise 2).
This session will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
Abstract:
Let’s talk about powerful conversations! We all know how to lead a constructive conversation, right? Then why is it so difficult to have those conversations with people at work, especially those in powerful positions that show resistance to change?
Learning to control and direct conversations takes understanding and practice.
We can combine our innate empathy with our analytical skills to gain a deeper understanding of complex situations at work. Join this session to learn how to prepare for difficult conversations and how to improve our agile conversations in order to be more influential without power. We will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
In the session you will experience how preparing and reflecting on your conversation can help you be more influential at work. You will learn how to communicate more effectively with the people needed to achieve positive change. You will leave with a self-revised version of a difficult conversation and a practical model to use when you get back to work.
Come learn more on how to become a real influencer!
Doctoral Symposium at the 17th IEEE International Conference on Software Test...
EIB financing of climate action outside the EU
1. EIB financing of climate action
outside the EU
Bert Teuwen
Senior Banker
02/06/2017 European Investment Bank Group 1
Brussels, 18 May 2017
Business opportunities in the framework of Europe's climate
actions outside the EU Seminar
2. The EIB: the EU bank
02/06/2017 European Investment Bank Group 2
Investing in Europe’s growth
• Created in1958
• Shareholders: 28 EU
Member States
• Driven by EU policy
• Around 90% of lending is
within the EU
• Operates outside EU
through specific Mandates
3. EIB Group financing in 2016: EUR 83.8bn
02/06/2017European Investment Bank Group 3
Signatures
EFTA &
Enlargement
Countries
EUR 3.35bn
Eastern
Neighbours
EUR 1.65bn
Africa,
Caribbean,
Pacific,
South Africa
EUR 0.77bn
Asia and
Latin
America
EUR 0.98bnSouthern
Neighbours
EUR 1.63bn
European
Union
75. 4bn
Outside EU
8.38bn
EUR EUR
Total EUR 83.8bn
4. EIB Priorities
EIB financing supports EU policy priorities and objectives
Climate action is a horizontal objective, i.e. it is integrated in the other priority
objectives.
02/06/2017European Investment Bank Group 4
5. The Paris Agreement & EIB Climate Action
02/06/2017 European Investment Bank Group 5
The Paris Agreement
• Ambitious mitigation goal
• Country-led NDCs
• Explicit call for climate finance
• (Alignment with EU climate
policies)
EIB’s traditional approach based on
volume (25% target)
Increased focus outside the EU (35%
target)
EIB’s 2015 Climate Strategy
Impact
+
Resilience
+
Mainstreaming
EIB Climate Action
6. EIB Response: Volume (1)
• EIB has a 25% target towards climate action relative to its overall financing
volume.
• EIB provided >EUR 90bn in climate finance over the last 5 years.
• In 2016, EIB delivered EUR 19.6 bn to specific climate action projects:
Exceeded the 25% financing target towards climate action.
Remained the largest MDB in terms of support to climate action.
EUR 1.9 bn were channeled to developing countries.
02/06/2017 European Investment Bank Group 6
8. EIB Response: Increased Focus outside EU
In the lead up to COP-21, the EIB committed to increase its climate finance
for developing countries to 35% by 2020.
02/06/2017 European Investment Bank Group 8
9. EIB Response: Climate Strategy
Complementing EIB’s volume-driven approach, EIB’s 2015 Climate
Strategy will help implement the Paris Agreement inside and outside the
EU by focussing on three key-areas:
02/06/2017 European Investment Bank Group 9
EIB
Climate
Strategy
Reinforcing the impact of
climate financing
Building resilience to climate
change
Further integrating climate
change considerations across
EIB standards, methods and
processes
http://www.eib.org/info
centre/publications/all/
eib-climate-
strategy.htm
10. Engaging the Private Sector is Key
There is no doubt that the bulk of the investment
needed to address climate change will have to
come from the private sector
As part of its Climate Strategy, EIB will identify
operation types with a particularly high financial
impact and/or high mitigation or adaptation
gains, focusing on:
02/06/2017 European Investment Bank Group 10
Financial innovation and mobilisation of private
resources.
Capital markets investors.
Blending with public funds.
Increased pipeline of climate action projects
http://www.eib.org/info
centre/publications/all/
eib-climate-
strategy.htm
11. 02/06/2017 European Investment Bank Group 11
EIB lending instrument
For Investment Grade operations
Project
Public Sector
Financing
Project Finance
Direct Loans
Intermediated
Loans
Project Finance
with direct
project risk
Risk Sharing
Equity through
Funds
Banks
EIB special activities
For Low and Sub Investment
Grade operations
What can the EIB do? – Financing Instruments
The EIB has an extensive range of instruments to finance public and private
sectors at investment and sub-investment grades of risk to its disposal.
12. What can the EIB do? – Innovative Products
02/06/2017 European Investment Bank Group 12
Encouraging private and public sector commitment of
investment, project implementation and management
experience
Enhancing the investment market complements other
initiatives and additional sources of funding (including
institutional investors)
In addition to the more traditional financing products, EIB offers a number of
innovative climate finance products coupled with technical and financial advice to
engage the private sector to achieve:
Flexibility
Leverage Effect
Catalytic Effect
Expertise &
Creativity
Broader eligibility of expenditure and in the use of funds for equity,
debt and guarantee investment
Encouraging private and public sector commitment of investment,
project implementation and management experience
Enhancing the investment market complements other initiatives
and additional sources of funding (including institutional investors)
EIB expertise and rigorous due diligence help meet the highest
standards
13. How to best engage the private sector?
02/06/2017 European Investment Bank Group 13
1
2
3
4
Do not crowd out other sources of funding
(public and private!)
Enable the private sector to do things that it
otherwise would not be able to do
Focus on leveraging public funds to engage
the private sector
BUT: do not re-invent the wheel
→ many mechanisms already exist!
14. Project example: Lake Turkana Wind Project - Kenya
The site, covering 40,000 acres, is located in in northern Kenya.
The wind farm will have an installed capacity of 310MW and includes 365
turbines, a 33 kV electricity grid system, and a 33/200 kV substation and
related utility services including civil works, housing and buildings.
The project is on course with full capacity expected to be achieved in June
2017.
With EUR 625 million project costs this makes it the single largest wind
power project to be constructed in Africa and is, to date, the largest private
investment in the history of Kenya.
EIB loan of EUR 200 million and EUR 25 million contribution from EU-ITF
(EU-Infrastructure Trust Fund) under Sustainable Energy for All Window
(SE4All).
This is an example of blending: EIB lending combined with EU funding.
14 European Investment Bank
16. 16 European Investment Bank
Wind Turbines and OHL Lines Installation
WTG erection in progress
17. 02/06/2017European Investment Bank 17
Project example: Vientiane Sustainable Urban Transport-
Laos
• Construction of a Bus Rapid Transit (BRT)
system in Vientiane:
11.5 km of dedicated bus lanes
21 enclosed stations
acquisition of 96 new BRT buses,
which should meet a minimum EURO IV
emissions standard (clean technology).
• The project will also set up a city transport agency and improve pedestrian
facilities near bus stations.
• The project will benefit from an EUR 20 m EIB loan and from TA provided by
the EIB and funded through a EUR 5m grant provided by the EU Asian
Investment Facility.
• As a result of the project, it is expected that bus passengers will save 1.5
million hours per year and local pollutants will be significantly reduced.
18. 02/06/2017European Investment Bank 18
Project example: IIFCL Energy Sustainability & Climate
Action Framework Loan - India
• Framework loan to support renewable energy and energy efficiency
investment projects that contribute to climate change mitigation.
• RE projects eligible for financing include grid connected wind parks, solar PV,
biomass, hydroelectricity and may include transmission lines that evacuate
renewable electricity production. EE projects include electricity transmission
and distribution investments that meet the EIB’s energy efficiency criteria.
• Borrower: India Infrastructure Finance Company Limited (IIFCL), a wholly
government owned entity mandated to provide long term finance to viable
infrastructure projects by extending long-term subordinated and senior loans
as a junior partner of financing consortia led by commercial banks.
• EIB loan = EUR 200 m
• A second phase of this facility is expected to be approved later this year.
19. •02/06/2017 •19•European Investment Bank
Example fund of funds: GEEREF
The Global Energy Efficiency and Renewable Energy Fund is sponsored by
the European Union, Germany and Norway and advised by the European
Investment Bank Group
GEEREF is a fund of funds that invests in private equity funds which invest on
renewable energy and energy efficiency projects in emerging markets,
thereby further enhancing the leveraging effect of GEEREF's investments.
Launched in 2008 with an initial capital of EUR 112 million
The Fund currently manages € 222 million, which could mobilised over € 10
billion through the funds in which GEEREF participates and the final projects
in which these funds invest.
GEEREF had invested in 13 funds across Africa, Asia, Latin America and the
Caribbean as of May 2017.
20. •20•European Investment Bank
MGM Sustainable Energy Fund
GEEREF has committed € 10.0 million to the MGM Sustainable
Energy Fund, managed by MGM Innova Capital LLC
MSEF is a private equity fund providing equity and mezzanine
financing to projects in the demand-side energy efficiency and
renewable energy sectors in Colombia, Mexico, Central America and
the Caribbean region.
The fund will seek to invest 70% of its committed capital in energy
efficiency projects (residential sector: consumer financing for green
appliances; commercial sector: hotels, hospitals, other large buildings;
municipal sector: street lighting); and 30% in renewable energy
projects (proven technologies including hydro
expansion/rehabilitation, solar and wind).
Example of GEEREF portfolio
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Project example: FEMIP Sustainable Energy Facility
FEMIP Sustainable Energy facility aims at providing credit lines to local
Financial Intermediaries (FIs) in Jordan and Morocco to finance energy
efficiency and small renewable energy investments in the industrial, SMEs,
agribusiness, commercial services and residential sectors.
The project, which is co-financed by the EBRD (Lead IFI), AFD and KfW,
will contribute to the reduction of greenhouse gas emissions and the
enhancement of security of supply.
EIB loan = EUR 35 m
So far two intermediary banks:
• Banque Centrale Populaire (Morocco)
• Banque Marocaine du Commerce Exterieur
EUR 1.9 bn to developing countries represents 27% of total lending to those countries.
The EIB will finance USD 20 billion a year globally for the next five years (2016-2020) under its recently announced climate strategy commitments, equal to at least 25% of its overall lending for the period.
The EIB aims to increase its lending for climate action in developing countries to 35% of total lending (in developing countries) by 2020.
The EIB will only finance up to 50% of any project: however, since IIFCL exposure to the total project cost is limited to 20%, EIB could finance IIFCL whole exposure to the individual allocations/projects.
Total project cost = EUR 1 bn