Croatia’s national animal, the Marten. By Rushenb [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0) or CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], from Wikimedia Commons
This article was originally published on European Investment Bank.
Highlights:
- EUR 12.5 million new backing for Irish Continuous Cover Forestry initiative
- EUR 15m to support biodiversity and climate adaptation in Croatia
- Natural Capital Financial Facility supporting initiatives in 12 European countries
- EUR 125 million scheme backs EUR 400 million green investment and conservation
“Crucial new investment to strengthen green infrastructure, benefit biodiversity and adapt infrastructure to a changing climate has been unlocked by the Natural Capital Financial Facility, a EUR 400 million initiative intended to better protect Europe’s natural capital.
The unique scheme is now looking to expand cooperation with partners across Europe to enhance investment that better supports nature conservation and climate change adaptation.
Launched 3 years ago by the European Investment Bank and by the European Commission, the Natural Capital Financial Facility has backed new investment by nature-focused businesses and is supporting transformational schemes across Europe.
Reaffirmed European political commitment to strengthen nature conservation investment
Details of new initiatives backed by the Natural Capital Financial Facility and opportunities for further financing were outlined in Brussels earlier today to representatives of organisations concerned with investment in nature, as well as environmental, agricultural and political stakeholders.
At the event representatives of both the European Investment Bank and European Commission confirmed support for strengthening innovative financing that improves protection of Europe’s nature and often contributes to strengthening vulnerable regions.
“Nature is essential for daily life and economic activity. The two new operations demonstrate how crucial new investment in nature conservation across Europe can be unlocked by a well-designed financial instrument which makes EU financing go further for nature. The exciting range of projects already supported shows future partners how the joint engagement of the European Commission and European Investment Bank through the Natural Capital Financing Facility can better protect nature and improve economic opportunities said Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries…”
Read on at: European Investment Bank.
