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EIB at COP28


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Financing a global just transition to climate neutrality


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As one of the world's biggest providers of climate finance, the European Investment Bank, the EU climate bank, participated in the United Nations Climate Change conference COP28 in Dubai from 30 November to 12 December 2023.


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[EIB at COP28]


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[As one of the world's biggest providers of climate finance, the European Investment Bank, the EU’s climate bank, participated in the United Nations Climate Change conference COP28 in Dubai from 30 November to 12 December 2023.]


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EIB at COP28


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Financing a global just transition to climate neutrality


Summary

As one of the world's biggest providers of climate finance, the European Investment Bank, the EU climate bank, participated in the United Nations Climate Change conference COP28 in Dubai from 30 November to 12 December 2023.


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[EIB at COP28]


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[As one of the world's biggest providers of climate finance, the European Investment Bank, the EU’s climate bank, participated in the United Nations Climate Change conference COP28 in Dubai from 30 November to 12 December 2023.]


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The European Investment Bank participated in the United Nations Climate Change conference COP28 in Dubai from 30 November to 12 December 2023.

At COP28, countries, companies, financial institutions and civil society came together to affirm their will to tackle climate challenge through concerted and collaborative action.

EIB President Werner Hoyer and Vice-Presidents Ambroise Fayolle, Thomas Östros and Gelsomina Vigliotti led our delegation of experts.

  Must read: President Hoyer explains how key climate action drivers can boost climate adaptation and mitigation worldwide.

  A conversation with President Hoyer: Learn why the EIB is a game-changer in the fight against climate change.


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COP28 highlights

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Livestreams

  Did you miss an event? Replay our past recordings.

  Conversations on the ground
We asked our experts on the ground about how the EIB is a key partner in the fight against climate change. This series features President Werner Hoyer, Vice-Presidents Ambroise Fayolle, Thomas Östros and Gelsomina Vigliotti, as well as with the head of EIB Global Markus Berndt, the director General of Operations Jean-Christophe Laloux, and our Chief Climate Change Expert Nancy Saich.


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Key events

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30 November - 06 December

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01 December

  • Women entrepreneurs: the key to advancing climate solutions - with Vice-President Östros
      MDB pavilion, 06:30-08:00 GMT+1
    This interactive session focused on the financing gap for women entrepreneurs. The session illustrated what works, shared best-practice case studies and successful models, and identified the data, tools and analysis needed to deploy more capital where it’s needed most.
      Replay the livestream
  • EU-Catalyst Partnership - with President Hoyer and Vice-President Östros
      EU pavilion, 11:45-12:15 GMT+1
    Commission President Ursula von der Leyen, Founder of Breakthrough Energy Bill Gates, and EIB President Werner Hoyer announced the first two European projects to be supported by the EU–Catalyst partnership: Ørsted’s FlagshipONE and Energy Dome’s Ottana CO2 Battery.
      Replay the livestream
      Read the press release

02 December

  • Private Sector Mobilization: Leveraging Existing Instruments in Developing Countries - with Vice-Presidents Fayolle and Östros
      EIB/Benelux pavilion, 10:30-12:00 GMT+1
    The event highlighted working instruments for climate mitigation and adaptation in the global South, such as EMCAF. The event also provided information about further investors joining EMCAF, followed by a panel discussion on innovative public-private financial structures to catalyse private sector investments for climate action.
      Replay the livestream
      Read the press release
  • Blue Economy Mediterranean Partnership – with Vice-President Fayolle
      Swedish pavilion, 15:00-16:00 GMT+1
    Following the announcement of the creation of the Blue Mediterranean Partnership at COP27 by the EIB, the EBRD and the Union for the Mediterranean, this event will formally launch the Partnership with the signature of a memorandum of understanding. Pledges by donors will also be made.
      Replay the livestream
      More info
      Read the press release

03 December

  • Managing water resources and adapting to the climate emergency – how to set priority actions? – with Vice-President Fayolle
      Spanish pavilion, 11:30-12:30 GMT+1
    During this event, experts, policymakers and stakeholders discussed water scarcity management and climate change adaptation, and how to address the multifaceted challenges of dwindling water resources in the face of global warming.
      Replay the livestream
      More info
  • Climate and Health Finance: Strengthening the Role of Development Banks and Finance Institutions – with Vice-President Östros
      COP28 Presidency pavilion, 12:15-13:15 GMT+1
    The high-level event convened Development Banks and country leaders to discuss the role of Development Banks and the private sector to maximise finance at the pace and scale needed to sustainably finance a people-centered approach for climate and health action.
      Replay the livestream
      More info
  • Public Development Banks working as a system: innovation and knowledge to unlock climate finance at scale – with Vice-President Fayolle
      Joint MDB pavilion, 12:30-15:00 GMT+1
    The event gathered high-level speakers representing the community of Public Development Banks that supported the organisation of the successful FiCS 2023 edition. They presented the key outcome of the Summit as highlighted in the FiCS Annual Report to be launched during the event and which includes the proposed roadmap and concrete deliverables.
      Replay the livestream

04 December

  • Climate Resilient Debt Clauses – A Call to Action, with President Hoyer
      Presidency Roundtable (Al Saih, Zone B8), 09:30-10:30 GMT+1
    In the wake of disasters countries face painful trade-offs between rebuilding their communities and making debt repayments. Climate Resilient Debt Clauses (CRDCs) allow debt service to be paused to provide breathing space when countries are hit by climate catastrophes, such as hurricanes and floods, and pandemics. In June the UK and Barbados, together with Ghana, France, US and Spain, launched a call for bilateral, multilateral and private sector creditors to offer Climate-Resilient Debt Clauses by the end of 2025, with a group of early movers offering the clauses by COP28, so that borrowing nations have the necessary fiscal room to respond fully to shocks.
      Read President Hoyer's speech
      Replay the livestream
      More info
  • Available, Accessible, and Affordable: Towards a climate finance architecture that delivers for all – with President Hoyer
      Al Waha Theatre (Blue Zone), 10:30-12:00 GMT+1
    MDBs showcased concrete progress on working better together as a system through approaches such as country platforms that can achieve systemic transformation, and their new joint- MDB Long-Term Strategy (LTS) facility which will provide countries with better coordinated MDBs’ support in terms of strategic and policy advice, and financial resource mobilisation. The event also showcased the progress the IMF is making on climate finance mobilisation, as well as efforts of multilateral climate funds to scale up climate finance and ease access.
      More info
  • Supporting adaptation of Coastal Cities – First Investment of The Urban Resilience Fund B (TURF) – with Vice-President Fayolle
      EIB/Benelux Pavilion, 10:30-12:00 GMT+1
    During the side event, the first investment of TURF for the protection of Nouakchott was signed. It was followed by a roundtable on adaptation strategies of coastal cities. This innovative project will be implemented by a dedicated public-private company, the Société d'Aménagement du Littoral de Nouakchott (SALN), in which TURF, managed by Meridiam, will invest equally alongside the Mauritanian Government.
      Read Vice-President Fayolle's speech
      Find out more about the Nouakchott Coastline Development Project
      Replay the livestream
  • COP28 Ministerial Meeting of the Coalition of Finance Ministers for Climate Action – with President Hoyer
      GCA – Lab 1 – Al Shaheen (blue zone, B7, building 92), 15:00-16:30 GMT+1
    The Ministerial meeting focused on sharing success stories and touched on the challenges Finance Ministers face to create that impact and what additional steps would be necessary to not only increase the impact but also extend it to a regional or international level. The discussion was introduced by a brief presentation by the Independent High-Level Expert Group on Climate Finance (IHLEG) on their latest report on scaling climate finance.
      Read President Hoyer's speech
      More info

05 December

  • Accelerating a just transition and just resilience globally – with Vice-President Fayolle
      EIB/Benelux pavilion, 08:30-10:00 GMT+1
    This event focused on experiences and opportunities of accelerating a just transition and just resilience globally with voices from both developed and emerging markets. It will feature the launch of EIB Global’s approach to support a just transition and a just resilience globally.
      Read the press release
      EIB Global’s approach to a just transition and just resilience
      Replay the livestream
  • The role of European private equity in promoting innovation & technologies for the green transition - with Vice-Presidents Vigliotti and Fayolle
      Joint MDB pavilion, 14:30-16:00 GMT+1
    Panel event organised by the EIF with equity fund managers and external speakers on supporting transition finance through equity instruments.
      Read the press release
      Replay the livestream
      About EIB Global

06 December

  • Benelux countries paving the way for a Global Hydrogen Market - with Vice-President Fayolle
      EIB/Benelux pavilion, 06:30-08:00 GMT+1
      Replay the livestream

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07 December - 12 December

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08 December

  • Joint MDB Paris Alignment Progress Update – with Vice-President Fayolle
      MDB pavilion, 10:30-12:00 GMT+1
    This event provided an overview of progress, opportunities, and emerging challenges of Multilateral Development Banks (MDBs) in the implementation of the Paris Alignment principles. The event facilitated a dialogue among MDBs, partner countries, civil society and other stakeholders. It also showcased some examples of good practices and lessons learned from MDBs in applying the principles to their operations and activities.
      Read Vice-President Fayolle's speech
      Replay the livestream

09 December

  • Scaling up nature-based solutions for climate, people and the planet – with Vice-President Fayolle
      EU pavilion, 06:30-08:00 GMT+1
    The high-level event aimed to raise awareness of the increasing number of initiatives on nature-based solutions (NbS) and identify instruments for scaling-up and increasing investment in the design and implementation of NbS. High-level speakers and panelists shared experiences and discussed the opportunities, challenges and obstacles of investing in NbS for climate action as well as other co-benefits.
      More info
  • Delivering on the Joint MDB Nature Statement – Common Principles for tracking nature-positive finance
      MDB pavilion, 10:30-12:00 GMT+1
    This joint MDB event provided an update on MDB progress on nature since COP27 and the establishment of a new Global Biodiversity Framework (GBF) in Montreal, with a presentation of the key deliverable for this year, namely MDB common principles for identifying and tracking nature-positive finance.
      Read the press release
      Replay the livestream

10 December

  • Building Climate and conflict resilience through sustainable water and land management – with Vice-President Fayolle
      EU pavilion, 06:30-08:00 GMT+1
    The high-level event aimed to address the interlinkage between environmental crises, and discuss water and land management solutions that increase local resilience capacities, as well as promote inclusive water and land management that reduce the risk of new tensions in the green transition.
      More info
  • Accelerating the financing of the circular economy in climate and biodiversity strategies – with Vice-President Fayolle
      EU pavilion, 08:00-09:00 GMT+1
    The circular economy offers solutions to climate change and biodiversity loss at the source. It's time to mobilise financing to accelerate the circular economy. While sustainable tools like green bonds and impact investing can support circularity, unlocking the circular economy's financing potential remains a challenge. Collaboration between the circular community, policy-makers and financial institutions is vital for progress in financing the circular transition, especially as perceptions of risks persist.
      More info
  • Catalysing climate adaptation investments in fragile and conflict affected countries and contexts
      Side events room 7 – Blue zone, 08:30-10:00 GMT+1
    This event focused on challenges and opportunities in terms of knowledge needs, upstream support, financing and implementation of robust adaptation solutions in fragile and conflict affected countries. It also highlighted the importance of fostering “just resilience” in these contexts.
      Replay the livestream
  • Tracking adaptation finance in development projects – with Vice-President Fayolle
      MDB pavilion, 10:30-12:00 GMT+1
    This joint IDFC-MDB event served to announce the adoption by IDFC of the joint MDB adaptation finance methodology. The technical panel focused on sharing experiences, lessons learnt and challenges on supporting adaptation and tracking adaptation finance.
      Read Vice-President Fayolle's speech
      Replay the livestream
  • Breaking the Silos: How the Gap Fund Fosters Cooperation along the Project Preparation Cycle – with Vice-President Fayolle, 12:30-14:00 GMT+1
      Replay the livestream
      About the City Climate Gap Fund

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You can also check the full agenda of the events in the EIB/Benelux pavillion and in the Joint MDB pavillion.


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2023-2024 EIB Climate Survey: Latest findings from 30,000 respondents in 35 countries

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Latest findings from 30,000 respondents in 35 countries

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Award winning 360° experience: innovative climate solutions across Europe

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Dig deeper into our climate action work

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Climate and environmental sustainability

Taking action to address the climate and environment emergency in the critical decade 2021-2030.


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Energy

We help transform the energy sector in many ways globally.


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EIB Global

We build stability and sustainable growth and we fight climate change worldwide.



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We are committed to putting EU climate goals into practice both inside Europe and around the world.


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Visit our blog for inspiring stories from around the world.


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We support projects that can make a difference across the world. Watch how in our video gallery.



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