This page is part of the E3G Public Bank Climate Tracker Matrix, our tool to help you assess the Paris alignment of public banks, MDBs and DFIs.
This page is part of the E3G Public Bank Climate Tracker Matrix, our tool to help you assess the Paris alignment of public banks, MDBs and DFIs.
Paris Alignment | Reasoning |
Paris Aligned | The EIB is offering an increasing amount of non-NDC (Nationally Determined Contribution) technical advisory services, including on greening financial systems, adaptation, clean energy, and energy efficiency. However, while the EIB states it will support the development of more ambitious NDCs and has engaged in dialogues with countries in that regard, it does not have a specific NDC support programme. |
Climate-related technical assistance at policy-level | NDC ambition increase goal? | Non-NDC technical assistance |
The Bank is a member of NDC Partnership but, despite dialogues being undertaken with some countries, has no specific NDC advisory programme. | The Bank’s Climate Bank Roadmap notes that the EIB aims to support the development of more ambitious NDCs. | Numerous advisory services have been launched in recent years, related to greening financial systems, adaptation, clean energy, and energy efficiency, among others. |
The Climate Bank Roadmap 2021–2025 states that the EIB’s business development activity will be anchored in the context of NDCs, National Adaptation Plans (NAPs), and Long-Term Strategies (LTSs). With that in mind, the EIB will seek to engage with countries by ensuring access to long-term finance and advisory support. It is unclear how this is implemented, and how this assumption influences the financing of, for instance, important investment opportunities in countries where national plans are not sufficiently robust.
Despite being a member of the NDC Partnership, the EIB does not have a specific programme or initiative to support NDCs. The Roadmap states that advisory services need to be developed in collaboration with the European Commission, EU delegations and the European External Action Service. This could include support for country NDCs, with the EIB noting that such support may involve stronger engagement at the country level in selected regions, based on the Bank’s areas of expertise. These include the bankability of renewable energy support schemes, energy efficiency programmes and innovation finance, among others.
Finally, the EIB Energy Lending Policy additionally refers to “dialogues” with member states and other countries on how to use its “advisory services” to support their National Energy and Climate Plans (NECPs) under EU law and NDCs under the Paris Agreement.
The EIB has increased its focus on offering technical assistance to its sovereign and non-sovereign clients in recent years both within and outside the EU, which is a highly encouraging development. Recent initiatives are wide-ranging in terms of sectoral scope. They include:
Additionally, under the EIB’s 2022 PATH framework, businesses can receive advisory support to develop the decarbonisation and resilience plans necessary in order to meet the PATH framework’s climate and transition risk requirements, which is excellent. The EIB further notes it offers advisory support to financial institutions globally in order to align reporting with the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations.
Recommendation: