EIB, EBRD, UfM, EC, AFD, CDP, KfW, donors and beneficiary countries sign cooperation agreement at COP28

European Commission Statement Brussels, 02 Dec 2023 Commissioner Jutta Urpilainen has informed President von der Leyen about her confirmation as a candidate in the upcoming Finnish Presidential elections and requ...

Farmers and agricultural businesses across Rwanda are set to be able to better withstand the economic, social and business impacts of climate change under a new EUR 100 million climate finance initiative. The scheme will provide a substantial boost to smallholders, businesses, and enterprises dependent on climate-vulnerable agriculture across Rwanda.

The European Investment Bank (EIB) and Allianz Global Investors (AllianzGI) announced new capital commitments to the Emerging Market Climate Action Fund (EMCAF). The United Kingdom Foreign, Commonwealth & Development Office (FCDO) will commit €10 million (£9 million). In addition, on behalf of Germany’s Ministry for Economic Affairs and Climate Action, Kreditanstalt für Wiederaufbau (KfW) intends to top up its existing commitment with an additional €33 million. Including these new commitments, EMCAF will likely hold its third close with a total of €385 million in the coming weeks. Anchor investors in EMCAF since the start include the governments of Germany and Luxembourg, the Nordic Development Fund, Allianz, Folksam Group and EIB.

The European Investment Bank (EIB) Group, which consists of the European Investment Bank and the European Investment Fund, and Mission Innovation are joining forces to support clean energy innovation worldwide. The announcement of the new partnership was made at a joint event at the United Nations Climate Change Conference COP28 in Dubai. Building new public-private partnerships to accelerate the development of innovative clean energy technologies is one of the priorities at COP28 to meet the Paris climate goals.

European Investment Bank (EIB) Vice-President Ambroise Fayolle and President of the Brazilian Development Bank (BNDES) Aloizio Mercadante signed a memorandum of understanding today at COP28 in Dubai, to explore co-financing opportunities in the renewable energy, environment and social sectors in Brazil, including in the Amazon region. The memorandum of understanding will strengthen coordination between the two institutions to promote joint activities and ensure that their work is complementary and cohesive. EIB and BNDES are also discussing a possible credit line of up to €300 million with a focus on the water and sewerage sectors.

European Commission Statement Dubai, 02 Dec 2023 “Check against delivery” Dear Emmanuel Your Majesty, Fellow leaders, Dear Fatih, It has been two years since COP26. There, we agreed for the first time, as a g...

European Commission Speech Dubai, 02 Dec 2023 Fellow leaders, Ladies and Gentlemen, Today, the world takes an important step to limit global warming to 1.5 degrees. Reaching this goal starts with transformi...

European Commission Press release Dubai, 02 Dec 2023 Today, President of the European Commission, Ursula von der Leyen announced €175m financial support to reduce methane emissions at COP28