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Organisation

European Investment Bank (EIB)

Description:

The EIB is the European Union's bank. The bank is owned by and representing the interests of the European Union Member States. It works closely with other EU institutions to implement EU policy.  The European Investment Bank is one of the world’s main financiers of climate action. In 2020, the European Investment Bank provided €24.2 billion to fight climate change, which is 37% of all its financing.

In the area of climate adaptation main investments are made in projects that anticipate the adverse effects of climate change and take appropriate action to prevent or minimise the resulting damage. For example, such investments include projects that:

  • reduce the risk of floods,
  • develop resilient cities,
  • increase afforestation.

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Published in Climate-ADAPT Jun 07 2016   -   Last Modified in Climate-ADAPT Nov 16 2021

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