The European Investment Bank (EIB) Group will unveil a series of initiatives to accelerate the fight against global warming at the 30th United Nations climate conference (COP30) in Belém, Brazil running from today until 21 November. The EIB Group, which also includes the European Investment Fund (EIF), will announce the moves in collaboration with business and government representatives from the European Union and beyond. New projects involving the EIB Group to be presented during COP30 include targeted support for climate and women-led projects in the Amazon region, investments to strengthen electricity grids in Brazil and financing for clean energy across Latin America. The EIB Group will also announce stepped-up efforts to promote reforestation and protect biodiversity in emerging economies.
“We are helping to underpin the EU’s international climate leadership by ensuring a strong European voice in Belém and collaborating for a sustainable future,” said EIB Vice-President Ambroise Fayolle, who is leading its delegation at the conference. “COP30 must send a strong signal about the importance of the global green transition and the opportunities it presents.” At COP30, multilateral development banks (MDBs) will report on their progress in mobilising financial support and other measures for countries to achieve ambitious climate results – as outlined by the organisations in their joint statement from COP29 in Baku, Azerbaijan.
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