(IN BRIEF) At Poland’s Economic Forum in Karpacz, the European Investment Bank (EIB) emphasized the importance of increasing investments and green financing. The EIB, led by Vice-President Teresa Czerwińska, contributed to a report by the Warsaw School of Economics focusing on improving competitiveness in Central-Eastern EU economies. The EIB highlighted its role in promoting innovation and green finance, noting that it has surpassed €100 billion in green bond emissions, contributing to the global green finance market now valued at €4 trillion.
Suggested News Title: “EIB Urges Boost in Green Investment at Polish Economic Forum, Surpasses €100 Billion in Green Bonds”
(PRESS RELEASE) LUXEMBOURG, 6-Sep-2024 — /EuropaWire/ — The European Investment Bank (EIB), led by Vice-President Teresa Czerwińska, emphasized the crucial need for enhanced investment and green financing during Poland’s prestigious Economic Forum held from September 3-5 in Karpacz.
The EIB’s participation marked a continuation of its support for the conference, where it contributed to a significant economic report prepared by the Warsaw School of Economics (SGH). This year’s report, titled “Investment and Innovation Among Central, Eastern, and South-Eastern European Firms: Recent Trends and the Path Ahead,” delves into strategies for boosting the competitive edge of Central-Eastern EU economies. The analysis, derived from the EIB’s annual Investment Survey (EIBIS), has gained recognition for its relevance in business and policy circles.
“Innovation, particularly in digital technology and automation, is essential for the growth of Central-Eastern European economies,” stated Czerwińska. “The EIB is committed to facilitating this transition by providing preferential financing for cutting-edge technologies and by encouraging private investment in high-risk, innovative projects.”
Director General Cyril Rousseau, head of the EIB’s Finance Directorate, highlighted the bank’s role in advancing green finance during a panel discussion at the forum. He reported that the EIB has recently exceeded €100 billion in green bond emissions, a milestone that underscores the bank’s pioneering efforts in developing what has become a robust global green finance market, valued at €4 trillion.
“The evolution of green bonds from a pioneering concept to a major global market reflects our dedication to financing the green transition,” Rousseau added.
The EIB’s participation in the Economic Forum reinforces its ongoing commitment to supporting sustainable investment and innovation across Europe.
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First published in this link of EuropaWIRE.
