Climate change is affecting every region on Earth, with many of the problems becoming irreversible. This is the make-or-break decade for the planet. This new climate adaptation plan and a new Paris alignment framework explain how smarter investments can be made for clients around the world based on the latest science, increase support for adaptation projects, improve advisory services, and help everyone transition to cleaner ways of working and living.
Building on the European Union's Adaptation Strategy, the Adaption Plan of the European Investment Bank (EIB) focuses on smarter investment and faster finance to help combat climate change and increase resilience. The EIB has also put in place a framework to ensure that the projects it supports — whether they be in energy, transport, industry or agricultural sectors — are aligned with the goals of the Paris Agreement. This is the purpose of its Climate Bank Roadmap.