“Leaving No One Behind” Water for All
March 21, 2019
UN Finalize Funding Compact for SDGs
March 22, 2019
The construction of climate-resistant and low-carbon infrastructure, particularly in developing countries, requires support, which includes the mobilization of funds and investments in different stages of the technological cycle, the provision of technical support and the facilitation of access to financing. for innovation, such as through the implementation of Results of Technology Needs Assessments (TNA). This institutional update describes last month’s evolution in green financing instruments, guidance on NCDs and preparation for climate financing, as well as the activities of international banks, funds and other green financing activities.
Facing the important financial and technological needs of climate action to help solve the global environmental crisis, the international community faces the challenge of finding ways to reduce the environmental footprint per capita and at the same time increase the per capita benefits of sustainable development.
The EIB reports a record investment support in Africa, approves 4.8 billion euros of funding in Europe, Africa and Asia
In February, the European Investment Bank (EIB) registered a record of 3,300 million euros in 2018 in financing for the private sector and investment in infrastructure in 20 African countries. There, the EIB provided more than 1,140 million euros for private sector investment, including financing for women entrepreneurs. The Bank also supported loans for climate-related investments, such as clean energy, as well as sustainable development in priority sectors, such as improving water supply and management, addressing land degradation, supporting forest conservation and improve sustainable fishing.
The EIB also approved 4.8 billion euros of new financing for investments from the private sector, transport, energy, housing and water. This includes 864 million euros of support for investments outside Europe; 2,300 million euros of new financing for business investments in Europe and Africa; 1,000 million euros for electric vehicles, modernization of international rail links and urban transport; and other investment projects. [EIB press release on investments in 2018 in Africa] [EIB press release on 4.8 billion euros in financing for transport, companies, urban transport and energy]
The EU finances environmental and infrastructure projects with low carbon emissions to unlock an estimated 3.2 billion euros
The European Commission announced a financing of 116 million euros under the LIFE program, the EU’s financing instrument for the environment and climate action, with the expectation of unlocking more than 3,200 million euros of additional support to 12 large-scale projects in ten EU Member States to support the EU’s transition to a low-carbon circular economy. The financing will support environmental projects in Austria, Bulgaria, the Czech Republic, Estonia, Finland, Greece, Hungary, Italy, Portugal and Slovenia.
In addition to water, air quality and nature conservation projects, four projects focus on climate mitigation and adaptation actions, which include: capacity building; infrastructure; Technological solutions in the areas of energy efficiency, heating and cooling; zero emissions transport; as well as the management of coastal risks and floods and the protection against forest fires. The four climate action projects have a combined budget of 75.9 million euros, including 32.4 million euros from the LIFE program, and aim to use another 778.3 million euros in complementary EU funds and funds from the national sector and private.The construction of climate-resistant and low-carbon infrastructure, particularly in developing countries, requires support, which includes the mobilization of funds and investments in different stages of the technological cycle, the provision of technical support and the facilitation of access to financing. for innovation, such as through the implementation of Results of Technology Needs Assessments (TNA). This institutional update describes last month’s evolution in green financing instruments, guidance on NCDs and preparation for climate financing, as well as the activities of international banks, funds and other green financing activities.
Facing the important financial and technological needs of climate action to help solve the global environmental crisis, the international community faces the challenge of finding ways to reduce the environmental footprint per capita and at the same time increase the per capita benefits of sustainable development .
The EIB reports a record investment support in Africa, approves 4.8 billion euros of funding in Europe, Africa and Asia
In February, the European Investment Bank (EIB) registered a record of 3,300 million euros in 2018 in financing for the private sector and investment in infrastructure in 20 African countries. There, the EIB provided more than 1,140 million euros for private sector investment, including financing for women entrepreneurs. The Bank also supported loans for climate-related investments, such as clean energy, as well as sustainable development in priority sectors, such as improving water supply and management, addressing land degradation, supporting forest conservation and improve sustainable fishing.
The EIB also approved 4.8 billion euros of new financing for investments from the private sector, transport, energy, housing and water. This includes: 864 million euros of support for investments outside Europe; 2,300 million euros of new financing for business investments in Europe and Africa; 1,000 million euros for electric vehicles, modernization of international rail links and urban transport; and other investment projects. [EIB press release on investments in 2018 in Africa] [EIB press release on 4.8 billion euros in financing for transport, companies, urban transport and energy]
The EU finances environmental and infrastructure projects with low carbon emissions to unlock an estimated 3.2 billion euros
The European Commission announced a financing of 116 million euros under the LIFE program, the EU’s financing instrument for the environment and climate action, with the expectation of unlocking more than 3,200 million euros of additional support to 12 large-scale projects in ten EU Member States to support the EU’s transition to a low-carbon circular economy. The financing will support environmental projects in Austria, Bulgaria, the Czech Republic, Estonia, Finland, Greece, Hungary, Italy, Portugal and Slovenia.
In addition to water, air quality and nature conservation projects, four projects focus on climate mitigation and adaptation actions, which include: capacity building; infrastructure; Technological solutions in the areas of energy efficiency, heating and cooling; zero emissions transport; as well as the management of coastal risks and floods and the protection against forest fires.
Source: SDG Knowledge Hub
