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European Investment Bank (EIB) Supporting green economy projects

European Investment Bank (EIB) Supporting green economy projects. Astana Economic Forum – 24 May 2013 – Vice President W. Molterer. EIB - Highlights. European Union’s long-term lending bank Owned by all Member States of the EU Non-profit-maximizing financial institution

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European Investment Bank (EIB) Supporting green economy projects

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  1. European Investment Bank (EIB) Supporting green economy projects Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  2. EIB - Highlights • European Union’s long-term lending bank • Owned by all Member States of the EU • Non-profit-maximizing financial institution • AAA credit rating • Finances projects in and outside the EU • Supports the policies of the EU Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  3. EIB – Green Economy • Since 1970 the EIB supports the EUEnvironment Action • Since 2003 Climate Action is one of the EIB’s top priorities • The EIB checks the environmental compliance and climate sustainability of each individual project proposed for financing Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  4. EIB – Environment Action Programme Four priority areas : • Tackling climate change and global warming • Protecting nature and biodiversity • Addressing the links between environment and health • Promoting sustainable use of natural resources and managing waste Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  5. EIB – Tackling climate change and global warming • Bucharest thermal rehabilitation - Energy efficiency refurbishments of 365 multi-storey residential buildings with some 20 000 apartments in Bucharest covering thermal rehabilitation, including the thermal insulation of walls, windows, roofs and cellars. Apart from increasing the quality of life of Bucharest residents through energy savings, the project will also help improve the image of the buildings and will help Romania to meet its commitments related to improving energy efficiency, particularly to reach the EU 2020 target. Total EIB contribution of EUR 125m in several tranches. Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  6. EIB – Protecting nature and biodiversity • Ecoenterprises Fund II - An investment fund targeting SMEs that promote the sustainable use of natural resources and protect biodiversity and ecosystem services in Central and South America. EIB investment: EUR 5m. Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  7. EIB – Addressing the links between environment and health • Egyptian Pollution Abatement II – A global loan to enable industrial companies to invest in measures to reduce the emissions of air and effluent pollutants by up to 75%. The economic benefits are improved health, avoided social costs and improved agricultural and aquacultural productivity. EIB loan 40m. Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  8. EIB – Promoting sustainable use of natural resources and managing waste • Lahti Waste-to Energy Plant – Construction and operation of a 250,000t/year gasification combined heat and power (CHP) plant, fuelled with high calorific waste fractions. The plant will generate 90 MW heat for district heating and 50 MW electricity in CHP mode. EIB loan EUR 75m. Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  9. EIB – Climate Change, Mitigation • Promotion of Renewable Energy sources • Reinforce the scope for Energy Efficiency • Support RDI towards low-carbon technologies and processes Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  10. EIB – Renewable Energy Projects • Projects from renewable non-fossil sources such as wind, solar, aero-thermal, geothermal, hydrothermal and ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas and biogases Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  11. EIB – Energy Efficiency Projects • Construction and modernisation of CHP plants • Modernisationof District heating systems • Energy Efficiency projects in buildings and industrial facilities • All transport projects that contribute to reducing road and air traffic emissions such as metro, tramways, bus rapid transit, rail, inland waterways Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  12. EIB – Climate Change, Adaptation • As regards to adaptation, EIB seeks to promote adaptation projects per-se and, in general, to require that projects exposed to high climate risks be climate resilient. Examples of projects would be flood control and drought management measures, and measures to increase the climate resilience of vulnerable infrastructure or areas. • The agri-food sector could benefit significantly from EIB support Climate Change adaptation measures Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  13. EIB in Kazakhstan Good potential for EIB support of “green economy’s projects“: • Renewable Energy -> Wind and solar plants • Energy Efficiency -> District heating, rail • CC Adaptation -> Agri-food sector Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

  14. EIB in Kazakhstan Thank you for your attention European Investment Bank Astana Economic Forum – 24 May 2013 – Vice President W. Molterer

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