In a context of political fragility and wavering investor confidence, the update to the Climate Bank Roadmap (CBR) provides an opportunity for the European Investment Bank (EIB) to set out its role in delivering a European economy that provides a prosperous, secure and sustainable future for the EU and its citizens.
With Europe needing to mobilise an additional €800bn per year in strategic spending to tackle intertwined decarbonisation, digitalisation and defence challenges, in an era of fiscal scarcity, the EIB’s importance is self-evident.
Within this context, the climate transition faces the highest overall investment challenge but also a huge diversity of solutions and growth opportunities.
It is fundamental to European prosperity that the EIB builds on the pathbreaking initiative shown by the first phase of its Climate Bank Roadmap to meet the current moment. Beyond Europe’s borders, EIB Global can be an effective vehicle for supporting mutually beneficial partnerships and rebuilding trust with global partners, creating win-wins that enhance European competitiveness while delivering global climate, development and security benefits.
Read E3G’s consultation response in full.
