With its ambitious Energy lending policy (ELP), the EIB has achieved a milestone in the fight against climate change. We have decided to phase out the financing of unabated fossil fuel energy projects, including natural gas, by the end of 2021. We are the first international finance institution to end financing for fossil fuel projects and to focus its support on projects that are fully aligned with the Paris Agreement. Our Energy lending policy applies to all EIB financing in the energy sector and is designed to ensure that the Bank’s activities in the energy sector are consistent with and support EU policies. It focuses on areas with the greatest investment needs, areas where our support can add value, or high priority policy areas. The Bank works closely with the European Commission and Member States on certain specialised EU initiatives, one of these is the Modernisation Fund, which is targeted at the modernisation of energy systems in 10 Member States and has recently been launched: : Homepage - Modernisation Fund
SOLID WASTE sector
The rapid population growth, urbanisation and economic development over the last decades has led to an increase in the generation of solid waste across the world. Providing high-quality waste management services is crucial to safeguard public health and protect the environment, but also to support resource efficiency, climate change mitigation and job creation.
The EIB provides long-term financing and technical assistance to public and private waste management projects, both inside the EU and around the world, in line with EU sector policy objectives and Sustainable Development Goals (SDGs).
CIRCULAR ECONOMY sector
The circular economy is one of the pillars of the European Green deal and a key element in fighting climate change. As opposed to the currently predominate linear economy (produce – use – dispose of products), the circular economy model aims at safeguarding both raw materials and energy by helping their reuse and recovery. Key sectors of further circular ambitions are electronics and ICT, batteries, vehicles, packaging and in particular plastics, textiles, construction and buildings and food. EIB is supporting circular economy ambitions through a large variety of knowledge sharing & dissemination and advisory activities, and numerous lending options for corresponding projects across all sectors.