Tackling climate change worldwide - helping in Ecuador
- Date: 01 December 2015
- Duration: 03:31
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The EIB is serious about tackling climate change: not just in Europe but also worldwide. Recently the EU bank pledged to step up what it spends on climate action in developing countries to 35% by 2020. But it isn’t just about lending more money for big infrastructure projects. Increasingly, the EIB is working on ways to finance climate action projects with a clear positive impact for local people. On the eve of COP21 the EIB’s Director of Climate Operations Chris Knowles has been to Ecuador to check on two projects where the EIB is working, as a core investor, with an equity based fund called Eco Enterprises. He found that Runa and Terrafertil can help show us the way.