European Investment Bank and European Environment Agency Partner to Advance Climate Action and Sustainable Finance 

The European Investment Bank (EIB) and the European Environment Agency (EEA) partnered to advance climate action, environmental sustainability, and sustainable finance.

Through a recently signed Memorandum of Understanding (MoU), both organisations have committed to strengthening collaboration in biodiversity, climate adaptation, circular economy, and urban sustainability.

The agreement aims to leverage EIB’s expertise in sustainable finance with the EEA’s data and modelling capabilities.

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Ambroise Fayolle, the EIB Vice-President said, “We need the best available data and knowledge to address the triple planetary crisis of biodiversity, climate change and pollution.”

Leena Ylä-Mononen, the Executive Director of EEA, said, “Scaling up and re-orienting financial flows in a more sustainable direction is a pre-requisite for meeting our environment, climate and sustainability objectives under the European Green Deal.

She added, “Enhanced co-operation between the European Environment Agency and the European Investment Bank will boost our common knowledge base across a wide spectrum of areas to further support the transition towards a more sustainable and competitive European economy,”

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This partnership aims to enhance the assessment of the EIB’s projects and improve their environmental and climate impact measurement.

Additionally, the EEA, will benefit from the EIB’s financial knowledge, which will help make European environmental data more accessible and valuable for the broader financial sector.