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EIB creates Climate and Environment Advisory Council

The European Investment Bank Group has created a Climate and Environment Advisory Council that will provide independent advice and expertise on the activities that the EIB Group is carrying out to reach its climate action and environmental sustainability ambitions.

During its first meeting, the Council discussed the EIB Group Climate Bank Roadmap, which sets out in detail how it aims to support the objectives of the European Green Deal and sustainable development outside the European Union. In particular, the EIB Group aims to support 1 trillion euros of climate action and environmental sustainability investments in the decade to 2030 and to deliver more than 50 per cent of EIB finance for climate action and environmental sustainability by 2025. Also, as part of the Roadmap, from the start of 2021, all new EIB Group operations will be aligned with the goals and principles of the Paris Agreement.

“Climate change is one of the greatest challenges faced by mankind this century,” said Christine Lagarde, president of the European Central Bank, charging the meeting. “It is an honour to chair this council and work with this distinguished group of leaders to advise the EIB Group on its climate and sustainability ambitions.”

“Climate change remains the decisive challenge of our time and requires a rapid global response,” said EIB President Werner Hoyer. “The EIB Group is preparing a strong contribution for the COP26 climate conference in Glasgow in November. I am thrilled that we can now count on a group of top world leaders to assist us in strengthening our role as the EU climate bank. I want to thank all the Advisory Council members and express special gratitude to Christine Lagarde for accepting to chair this highly distinguished group.”

Among the Members from Central and Eastern Europe, there is Marcin Korolec, President of the Polish Electric Vehicles Promotion Foundation (FPPE). 

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