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- Herausgeber: European Investment Bank
- Kategorie: Fachliteratur
- Sprache: Englisch
- Veröffentlichungsjahr: 2023
The European Investment Bank plants the seeds for many future success stories. Now another seed has been planted: EIB Global, the EIB's development arm, which began operating in 2022. This report tells the stories of projects that make a difference on the ground, with sections on Ukraine, sustainability, climate and energy. The challenges we face know no borders. EIB Global represents our commitment to sustainable and inclusive societies everywhere.
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EUROPEAN INVESTMENT BANK
2022/2023
EIB GLOBAL REPORT
THE STORY
About the European Investment Bank
The European Investment Bank Group is the EU bank and the world’s biggest multilateral lender. We finance sustainable investment in small and medium-sized enterprises, innovation, infrastructure, and climate and environment. We have financed Europe’s economic growth for six decades and are at the forefront of EU crisis response, leading the world in climate investment and backing development of the first COVID-19 vaccine. We are committed to triggering €1 trillion in investment in climate and environmental sustainability to combat climate change by the end of this decade. About 10% of all our investment is outside the European Union, where our EIB Global branch supports Europe’s neighbours and global development.
CONTENTS
FOREWORD
LENDING AROUND THE WORLD
EUROPE’S GLOBAL INITIATIVE
GREEN ENERGY PRIORITY
GATEWAY TO PARTNERSHIP
HUMAN RIGHTS IN A WATER PIPE
PARTNERSHIPS AND UKRAINE
A FOUNDATION FOR UKRAINE’S FUTURE
FOR THE LONG HAUL
“WE MUST NOT LOSE A GENERATION”
“THERE CAN BE NO OTHER FLAG HERE”
FIVE WAYS TO REBUILD DURING A WAR
THE NEEDS OF REFUGEES
SUSTAINABILITY AND SOCIETY
HARMONISING MICROFINANCE
COMFORT IS A RUNNING TAP
THREADING OUT OF THE CRISIS
FRUITFUL ACCESS TO FINANCE
THE KIDS WILL BE ALL RIGHT
HOW TO MOVE IT, MOVE IT
SILICON VALLEY IN THE MIDDLE EAST
CLIMATE AND ENERGY
ELECTRIFYING OPPORTUNITIES FOR WOMEN
SOLAR POWER FOR RURAL AFRICA
STOCKING UP FOR RESILIENCE
THESE SEEDS WORK
LET THE LIGHT SHINE
FAIRNESS IN THE FAVELAS
GREEN X FACTOR IN SERBIA
FOREWORD BY THE PRESIDENT
Concerns and disillusionment related to the war in Ukraine, global economic struggles, the pandemic and the climate crisis have grown considerably over the last year. Despite the greatest efforts of international organisations, the world order and the crises we are fighting are getting more complicated.
In the European Investment Bank, the European Union and its Member States have in their hands a powerful instrument to help solve the world’s biggest problems. The EU bank is the largest multilateral climate investor in the world. We are a global leader in financing key sectors for development, especially water and green energy. Our investment decisions, based on solid financial and technical assessments, influence markets and help set the standards in sustainable finance.
We are the EU bank worldwide. The significance of this role is especially illustrated by our work in Ukraine. We were one of the first institutions to provide financial support for Ukraine after the Russian invasion, building on our close partnership with the country, which we had strengthened after the annexation of Crimea by Russia in 2014.
A clear signal for the future
The financial and technical firepower of the European Investment Bank matters when it comes to the achievement of Sustainable Development Goals and the transition to net zero. In 2019, I announced that the EU bank would eschew fossil-fuel projects and pledged to mobilise €1 trillion in climate investments this decade. This is what gave rise to our label, the “EU climate bank.”
The decision to steer clear of fossil fuels was crucial for the European Investment Bank. We forged this new path, enabling the European Union to assume a leadership role in future climate action and the energy transition worldwide. Looking back, it is clear that our decision was correct, in particular now that we witness how energy security has taken centre stage, everywhere in the world. In 2022, our global clean energy financing reached €19.4 billion, a record high. This is an investment in the long-term future of our planet — and in our security.
When Europe has the courage to move ahead, this makes it possible for us to cement partnerships around the globe that combine technology and high development impact. The European Investment Bank has been a first mover in offshore wind power, new battery technologies, tiny satellites, green hydrogen technology, and infectious disease research. We plant the seeds for future success stories and play an active role in the adoption of these breakthrough technologies worldwide.
Now another seed has been planted: EIB Global, the European Investment Bank’s development arm, which began operating in 2022. In a divided world in which Europe is asked to play a greater role for development and stability — and in which public resources are shrinking — EIB Global has made a powerful impact, building on decades of European Investment Bank activity outside the European Union.
“In a divided world in which Europe is asked to play a greater role for development and stability, EIB Global has made a powerful impact.„
The financial backbone of Europe
EIB Global invested €10.8 billion in 2022. Over the past ten years, we have financed more than €70 billion in projects outside the European Union. But the creation of EIB Global allows us to build closer partnerships around the world, offer more targeted advice from new regional hubs, and form the financing backbone of Team Europe.
Through our partnership with the European Commission and under Team Europe, EIB Global has the potential to deliver even more. In 2022, we proved again and again that the European Investment Bank and the European Union constitute some of the biggest forces behind the push to achieve the Sustainable Development Goals. In a companion volume to this one, EIB Global Report: The impact, our economists analyse the real difference our projects make in daily lives — 11.7 million people benefiting from safe drinking water, 836 million people vaccinated against COVID-19 and other diseases, and 141 million more trips on public transport. Our impact report highlights our rigorous analysis of the results of our investments and assesses the financial benefits, catalytic effect and technical support we bring to each project.
The challenges we face — from energy supply to the pandemic, from climate change to conflict and the impact of artificial intelligence — know no borders. The projects supported by EIB Global represent a tangible example of the European Union’s commitment to sustainable and inclusive societies everywhere. This report tells the story of that engagement.
Werner Hoyer
LENDING AROUND THE WORLD
The European Investment Bank does not endorse, accept or judge the legal status of any territory, boundaries, colours, denominations or information depicted on this map.
Following EU sanctions against Syria in November 2011, the EIB suspended all loan and advisory activity in the country. However, the EIB is part of the Syria core donor group monitoring the situation under EU and UN co-leadership.
EUROPE’S GLOBAL INITIATIVE
“EIB Global allows us to build closer partnerships around the world and offer more targeted advice.„
Werner Hoyer, President of the European Investment Bank
We take the pulse of the world with our influential climate surveys. We are at the forefront of EU programmes, such as the Global Gateway, which builds partnerships around the world. We are a leader in every important sector for growth in developing countries, including water.
GREEN ENERGY PRIORITY
Large majority of Africans say climate change is hurting daily living
Africa and the Middle East are highly vulnerable to climate change, with extreme weather, poor access to water, and rising temperatures threatening millions of people. Urgent action is needed to reduce greenhouse gas emissions, build resilience to the impact of climate change and support the people that will be most affected by it.
The Intergovernmental Panel on Climate Change predicts that temperatures in Africa could rise 3°C to 4°C above pre-industrial levels by the end of the century, leading to significant problems for food supplies, water and public health. Water scarcity is already a big issue, and climate change is making this worse. Crop yields are expected to decline, leading to malnutrition for more people.
The European Investment Bank’s 2022 Climate Survey shows that for many people in these regions, the changes are being felt concretely today. The survey found that, for millions of people, climate change is making everyday aspects of life, such as accessing water or collecting firewood, more difficult. A significant majority of the people interviewed say climate change is hurting their income and making it harder to find jobs.
Africans reported that they are worried about inflation and access to healthcare, but they also are concerned about environmental degradation. More than three out of four want renewable energy to take priority over other sources of power — fossil fuels in particular — during the climate transition.
More than 28 000 people from 30 countries responded to our questions in August 2022. This feedback is an important way to hear from people around the world and understand how the climate is changing their lives. The survey tells us that many people in Africa and the Middle East are taking action themselves to adapt to climate change.
“More than three out of four people in Africa want renewable energy to be a priority.„
What can we do better in Africa?
The European Investment Bank is working more closely with African partners to accelerate climate action investment. EIB Global is intensifying its work by adding more experts in Africa, developing more partnerships in public and private sectors, and increasing work on the ground in countries that need the most help. Our climate surveys help us understand more clearly how these investments impact daily lives, and they are guiding our future initiatives.
“The climate surveys help us understand how our investments help daily lives.„
The European Investment Bank has been working with African countries for nearly six decades. Our financing has provided access to clean energy for hundreds of millions of people in Africa. We improved water in many parts of the continent. We built flood protection in Burkina Faso, solar energy in Zambia, wind power and geothermal projects in Kenya, hydropower in Liberia, Ghana and Madagascar, and solar power in Benin for households and microentrepreneurs.
The Bank has invested around €60 billion in 52 African countries, supporting infrastructure projects, innovative firms and renewable energy, in the public sector and private companies, from microenterprises to the largest multinationals. We do this work because we are one of the biggest climate banks in the world, and because we want to help our neighbours and meet the greatest challenge on this planet.
GATEWAY TO PARTNERSHIP
Global Gateway investments improve supply chains around the world
A gateway can be barred and reflect the hostility and fear of those who build it. Or it can be welcoming, open wide, a sign of friendship and confidence. Sven Röben knows which description applies to the European Union’s Global Gateway initiative.
