Climate and Environment Advisory Council Established by European Investment Bank Group to help with Climate Crisis

The European Investment Bank Group (EIB) has established a Climate and Environment Advisory Council, which will provide independent advice and expertise on the activities it is undertaking to achieve its climate action and environmental sustainability goals.

The EIB Group Climate Bank Roadmap and EIB initiatives to help adaptation to the impacts of climate change, as well as the EIB Group Paris Alignment for Counterparties framework, were discussed at the Advisory Council’s first meeting on Wednesday.

Christine Lagarde, President of the European Central Bank, presided over the meeting, which comprised the Advisory Council’s founding members.

The EIB Group Climate Bank Roadmap lays out in detail how it intends to assist the European Green Deal’s goals as well as sustainable development outside of the EU.

Climate change, according to EIB President Werner Hoyer, is the most pressing concern of our time, requiring a swift worldwide response. For the COP26 climate summit in Glasgow in November, the EIB Group is preparing a strong contribution.

Climate change, according to Lagarde, is one of humanity’s greatest issues this century. And said that It is a privilege to serve as chair of this council and to collaborate with such a distinguished set of executives in advising the EIB Group on its climate and sustainability goals.

The European Investment Bank (EIB) is a long-term lending organization controlled by EU member states.