Global S&T Development Trend Analysis Platform of Resources and Environment
The European Investment Bank: Becoming the EU Climate Bank | |
Iskander Erzini Vernoit Sonia Dunlop James Hawkins Dileimy Orozco | |
2020-07-09 | |
出版年 | 2020 |
国家 | 欧洲 |
领域 | 气候变化 |
英文摘要 | At a time of converging economic, health, climate and environmental crises, the European Union has committed to strong public investment to transform its economy. In parallel, the European Investment Bank (EIB) is in the process of setting out its “roadmap” for becoming the EU Climate Bank. The EU’s goal is to deliver climate neutrality and climate resilience, while seeking transformative change abroad, with the aim of achieving a fair and prosperous society for its citizens.
Introduction to Becoming the EU Climate BankThis report provides an overview of how the EIB can deliver transformative change across different climate-related areas of activity, in order to fulfil its role as the EU climate bank. It is intended as a contribution to the ongoing consultation on the EIB Climate Bank Roadmap 2021-2025. It also examines the resulting implications for how the EIB must evolve as an institution in order to deliver these responsibilities.
As a mission-driven institution, a climate bank can bridge the gap between finance and policy, providing a credible commitment from government to create new markets that other investors can pursue; in so doing, a climate bank can fast-track the transition, whilst serving as a repository of expertise in climate finance. The introduction offers a brief history of the “EU climate bank” idea, before presenting the policy context and the EIB’s responsibility in helping deliver the European Green Deal, and then reviews the current status of EIB climate change efforts. 4 Key RecommendationsIn the main sections, the report provides recommendations for four key dimensions of EU climate policy in which the EIB should deliver transformational change. 1. Delivering climate neutrality – the EIB should develop internal roadmaps for transformational activities in different sectors, including in such areas as:
2. Delivering adaptation and resilience – the EIB should develop a strategic framework on adaptation, to ensure its resilience work is of the highest impact, including:
3. Delivering a fair and prosperous society – the EIB should pursue economic recovery from COVID-19, just transition and climate objectives with a single strategy, applying the social paradigm of the Green Deal and advancing learnings and best practice, by:
4. Supporting Green Deal Diplomacy and Engagement – the EIB should support the Green Deal’s global aims, via engagements with other financial actors and contributing to Green Deal diplomacy in developing countries, by:
The Necessary Institutional ChangesThe report then examines the wide-reaching, cross-cutting implications of the above for the EIB, concluding that the EIB can only deliver its responsibilities as a climate bank if it transforms itself as an institution. This should be one of the deliverables of the EIB Climate Bank Roadmap 2021-2025. The necessary institutional changes include:
Sparking ConversationThis report is written in the context of the EIB developing its “Climate Bank Roadmap 2021-2025”, and it is possible that many of the recommendations are being actioned within that process already. The report aims to inform and encourage a constructive conversation among the EIB’s staff, national shareholders, and broader stakeholders. In addition, it is hoped this report will serve as a resource for other public banks worldwide, including multilateral and other public banks that seek to become a climate bank for their own respective geographies. As the world’s largest multilateral bank, and the first multilateral bank to pursue a formal process for consolidating its position as a climate bank (or green bank), the EIB has a responsibility to build on its track record of positive achievements by setting an example of a high-ambition interpretation—and successful delivery—of its duties as a climate bank. Read the full report, The European Investment Bank: Becoming the EU Climate Bank, here. |
URL | 查看原文 |
来源平台 | E3G |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/283417 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | Iskander Erzini Vernoit Sonia Dunlop James Hawkins Dileimy Orozco. The European Investment Bank: Becoming the EU Climate Bank,2020. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论