Policy Study

26/04/2021

The European Investment Bank (EIB) is an integral part of the European Green Deal, with the role of funding agency and advisor, with programs structured around the key area of focus of the European Green Deal and with a Climate Action Plan implying the EIB will be making 50% of their lending to climate change-related activities by 2025.

“The EIB Group needs not only to do better, but also – above all – need to do more financing, given the scale of the investment required to achieve the ambitious targets required for achieving the Green Deal, and specifically for the recently adopted target of reduction of at least 55% of GHG emissions by 2030!”

In this policy study, Stephany Griffith-Jones examines the context of the major green transformation that needs to take place and the challenge of implementation that this entails. The central idea is that instruments must be deployed in ways that maximize their development impact. Thus, the EIB, like all public development banks has a double mandate. Its main aim should be to maximize sustainable and inclusive development impacts (including economic, environmental and social impacts) while maintaining some financial profits or avoiding financial losses .


Read the Policy Study

It firstly considers the context in which the EIB needs to operate, including what needs to take place in the framework of the European Green Deal and aligning to the Paris target with reference also to the major additional challenges posed by the COVID-19 crisis and the financing of companies. It also outlines the new roles and resources, which the EIB has been given to meet these challenges, and the central role the bank should play in the green transition.

Find all related publications
Publications
15/11/2024

Evaluating the impact of CBAM on developing countries

03/07/2024

Building Economic Democracy in Europe

Concepts, Cases and Achieving Progressive Change
14/05/2024

Tightening welfare belts again?

FEPS YAN Series
05/05/2023

Fairness and acceptability of environmental externality pricing in Europe

Find all related Progressive Post
Progressive Post
26/11/2024

COP29: walking the talk, or talking the walk?

15/12/2023

COP28 highlights the need for fundamental transformations in climate governance

Find all related events
Events
Upcoming
06/12/2024
FEPS HQ, Brussels (Expert meeting)

For an EU budget and an EU Green Deal working in sync

Stakeholder meeting on the next MFF
Past
01/10/2024
Ljubljana, Slovenia

FEPS Fringe event at the Congress of Economic Democracy

Tackling challenges of local communities through employee ownership in the EU
25 - 26/09/2024
Brussels, Belgium (Expert meeting)

Forging the new EU agenda

Progressive Economic Policy Conference
Find all related news
News
24/01/2024

Spanish Minister Teresa Ribera awarded FEPS ‘Progressive Person of the Year’

15/11/2022

FEPS delegation at COP27

18/10/2022

Open letter to call for a deep reform of the EU fiscal rules

Find all related in the media
In the media

Teresa Ribera, premiada por su labor en política internacional

by El Plural 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by El Plural

Teresa Ribera, premio ‘Progressive person of the year’ por su labor en política internacional

by Europa Press 26/01/2024
Teresa Ribera has been recognized by FEPS with the 'Progressive Person of the Year' award during the launch of the 'Progressive Yearbook.' Article by Europa Press

“Trade doesn’t work in isolation from good domestic policies” Interview to Arancha González

by Borderlex 19/09/2023
Interview to Arancha González, former Spanish foreign minister, who released together with FEPS the new book entitled 'The Trade Handbook: Making Trade Work for Prosperity, People and Planet'

€10 trillion in green public investments to grow out of climate change

03/11/2021