European Investment Bank Links Bonds To Climate Change-Related Projects

摘要

The European Investment Bank is the first issuer to link its individual green bonds to the projects they finance, its second move to respond to the call from world leaders to scale up finance for projects related to climate change. "Ahead of the Paris climate conference, the EIB is supporting the EU's leadership in climate policy also through innovation in the green bond market," said Bertrand de Mazieres, director general of finance at the EIB. "Green bond issuance has grown substantially and has the potential to contribute significantly to addressing the 2 degree Celsius target." The Group of Seven countries has called for development banks to increase efforts to fund emissions-reducing activities. They will be meeting in Paris at the end of the year along with other government leaders to coordinate efforts for reducing emissions. The EIB also has indicated that it may scale up lending for green projects. The bank's green bonds are used for energy efficiency and renewable energy projects. They fund wind, solar, hydropower, wave, tidal and geothermal electricity generation.