We use cookies to improve your experience. By your continued use of this site you accept such use.
European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of the Parties (COP 28): Multilateral Development Banks boost joint action on climate and development

MDBs continue to work on aligning their activities with the Paris Agreement goals using their joint framework published at COP24

Multilateral Development Banks (MDBs) have published a joint statement (https://apo-opa.co/3QZQ21a) where they present concrete and urgent actions to scale up finance and enhance climate outcomes measurement, strengthen country-level collaboration, and increase co-financing and private sector engagement. The announcement comes as world leaders are gathering at the COP28 United Nations Climate…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of the Parties (COP28): European Investment Bank to co-finance climate action projects with the Brazilian Development Bank, BNDES

EIB and BNDES reinforce collaboration in Brazil to further support clean energy investment and back the development of renewable energy and the Amazon region

European Investment Bank (EIB) (EIB.org) Vice-President Ambroise Fayolle and President of the Brazilian Development Bank (BNDES) Aloizio Mercadante signed a memorandum of understanding today at COP28 in Dubai, to explore co-financing opportunities in the renewable energy, environment and social sectors in Brazil, including in the Amazon region. The memorandum of…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Blue Mediterranean Partnership steps up support for sustainable blue economy

EIB, EBRD, UfM, EC, AFD, CDP, KfW, donors and beneficiary countries sign cooperation agreement at COP28

Blue Mediterranean Partnership to support transition to a sustainable blue economy in the Mediterranean region; Partnership to start operating in early 2024; Partners aim to mobilise at least €1 billion in investments. At COP28 (www.COP28.com), partners and donors involved in the Blue Mediterranean Partnership reinforced their support for developing the sustainable…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

European Investment Bank and Bank of Kigali outline EUR 100 million plan to enable Rwandan farmers adapt to climate change

Agriculture is a key part of Rwanda’s economy, contributing to over 60% of total employment

New agriculture and agri-business climate finance to support farmers and agri-businesses prepare for extreme weather, increased drought and increased rains; largest ever EIB (https://www.EIB.org) backing for business investment in Rwanda; initiative to increase access to climate finance by women owned businesses; new partnership announced at COP28 as a model for climate…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Rwanda Climate Finance Partnership Powers Innovative Climate Action

The Rwanda Climate Finance Partnership aims to facilitate public-private partnerships to scale-up climate finance and has been made possible by the country’s Resilience and Sustainability Facility (RSF) arrangement with the International Monetary Fund

The Rwanda Climate Finance Partnership, which was launched at the Paris Summit for a New Global Financing Pact, will further power innovative climate action thanks to additional contributions from the Government of Rwanda. The partnership is supported by Agence Française de Développement (AFD), the European Union and Team Europe, the…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

European Investment Bank Group and Mission Innovation team up to accelerate clean energy innovation

The EIB Group is joining Mission Innovation primarily to facilitate access to finance for innovative projects across a wide array of sectors and geographic regions

The European Investment Bank (EIB) Group (www.EIB.org), which consists of the European Investment Bank and the European Investment Fund, and Mission Innovation are joining forces to support clean energy innovation worldwide. The announcement of the new partnership was made at a joint event at the United Nations Climate Change Conference…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • From left to right: Michelle Pinggera, Deputy Chair, Prince’s Trust International Board; Akinwumi Adesina, President, African Development Bank Group; Will Straw, CEO, Prince’s Trust International; Arunma Oteh, Trustee, Prince’s Trust International Board
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Bank Group and the Prince’s Trust International Commit to Accelerate Wealth-Creating Youth Programmes

“Together, we have opportunities to create youth wealth and eradicate poverty, which is not a tradable commodity” — Akinwumi Adesina

The President of the African Development Bank Group (www.AfDB.org), Dr Akinwumi Adesina and the CEO of the Prince’s Trust International (PTI), Will Straw, have met in London on 29 November 2023 to explore strategic partnerships to scale up youth employment, human capital, and entrepreneurship opportunities. With 1.4 billion people, Africa…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Conference of Parties (COP 28): African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa
  • All (1)
Source: African Development Bank Group (AfDB) |

Conference of Parties (COP 28): African Development Bank’s $1 billion insurance facility to protect millions of farmers in Africa

“Over 97% of farmers in Africa do not have agricultural insurance. Their only insurance is to pray”— Adesina

The African Development Bank Group (www.AfDB.org) has presented its planned $1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts of climate change. The facility was widely praised by the World Food Programme (WFP), development agencies, insurance companies and the private sector during a…

African Energy Chamber

  • Multimedia content

  • Images (1)
    • Leapfrogging Is Not the Quick Energy Fix the World Seems to Think It Will Be (By NJ Ayuk)
  • All (1)
Source: African Energy Chamber |

Leapfrogging Is Not the Quick Energy Fix the World Seems to Think It Will Be (By NJ Ayuk)

The no-carbon approach may not be fully feasible, but a low-carbon approach most certainly is

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org) As the hottest year ever recorded draws to a close, climate change is passing from theory to reality and gaining ever-increasing urgency in statehouses around the world. The goal of achieving net zero CO2 emissions worldwide by 2050 is widely agreed…

African Energy Chamber

  • Multimedia content

  • Images (1)
    • We’ve Got to Get Serious About Ending Gas Flaring in Africa (By NJ Ayuk)
  • All (1)
Source: African Energy Chamber |

We’ve Got to Get Serious About Ending Gas Flaring in Africa (By NJ Ayuk)

To fight flaring effectively, all actors — from consumers to governments to investors — must embrace natural gas

By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org). In an era when Africa needs oil and gas investments more than ever, attracting those investments has become increasingly difficult. Part of the challenge lies in the mounting pressure on oil companies to shift their focus from exploration and production to…