European Investment Bank in the context of "Sustainable city"

⭐ In the context of sustainable cities, the European Investment Bank is considered…

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⭐ Core Definition: European Investment Bank

The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees.

The EIB focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crisis and the COVID-19 pandemic. Over 60 years since its inception in 1958 to 2018 the EIB has invested over 1.1 trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States".

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šŸ‘‰ European Investment Bank in the context of Sustainable city

A sustainable city, eco-city, or green city is a city designed with consideration for the social, economic, and environmental impact (commonly referred to as the triple bottom line), as well as a resilient habitat for existing populations. The UN Sustainable Development Goal 11 defines as one that is dedicated to achieving green, social, and economic sustainability, facilitating opportunities that prioritize inclusivity as well as maintaining a sustainable economic growth. Furthermore, the objective is to minimize the inputs of energy, water, and food, and to drastically reduce waste, as well as the outputs of heat, air pollution (including CO2, methane, and water pollution).

The UN Environment Programme calls out that most cities today are struggling with environmental degradation, traffic congestion, inadequate urban infrastructure, in addition to a lack of basic services, such as water supply, sanitation, and waste management. A sustainable city should promote economic growth and meet the basic needs of its inhabitants, while creating sustainable living conditions for all. Ideally, a sustainable city is one that creates an enduring way of life across the four domains of ecology, economics, politics, and culture. The European Investment Bank is assisting cities in the development of long-term strategies in fields including renewable transportation, energy efficiency, sustainable housing, education, and health care. The European Investment Bank has spent more than €150 billion in bettering cities over the last eight years.

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In this Dossier

European Investment Bank in the context of Bodies of the European Union and Euratom

The main bodies of the European Union and Euratom are:

Apart from them, some several other bodies exist.

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European Investment Bank in the context of Agencies of the European Union

The European Union and Euratom have agencies, decentralised independent bodies, corporate bodies and joint undertakings which are established as juridical persons through secondary EU legislation and tasked with a specific narrow field of work. They are a part of the wider set of bodies of the European Union and Euratom and are therefore distinct from:

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European Investment Bank in the context of European Communities

The European Communities (EC) were three international organizations that were governed by the same set of institutions. These were the European Coal and Steel Community (ECSC), the European Atomic Energy Community (EAEC or Euratom), and the European Economic Community (EEC), the last of which was renamed the European Community (EC) in 1993 by the Maastricht Treaty establishing the European Union. The European Union was established at that time more as a concept rather than an entity, while the Communities remained the actual subjects of international law impersonating the rather abstract Union, becoming at the same time its first pillar. In popular language, however, the singular European Community was sometimes used interchangeably with the plural phrase, in the sense of referring to all three entities.

The European Coal and Steel Community ceased to exist in 2002 when its founding treaty expired. The European Community was merged with the second and third EU pillars by the Treaty of Lisbon in 2009, finally allowing the European Union to move beyond being only a concept and to assume the shape of a legally incorporated international organization with juridical personality, designated as the legal successor to the Community. However, the reformed EU has not become entirely unified, because Euratom, though governed with the EU by the common set of institutions, has been retained as an entity distinct from the EU, along with a number of other international entities, such as the European Investment Bank, the European University Institute, the European Stability Mechanism, and the Unified Patent Court.

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European Investment Bank in the context of Pfaffenthal-Kirchberg funicular

The Pfaffenthal-Kirchberg funicular is an automated funicular in Luxembourg City. The line links Pfaffenthal-Kirchberg railway station, on SociĆ©tĆ© Nationale des Chemins de Fer Luxembourgeois (CFL) Line 10, to Rout BrĆ©ck – Pafendall tram stop, on Luxtram, near the European Investment Bank headquarters. The line is adjacent to the landmark Grand Duchess Charlotte Bridge, which is crossed by the tram line and which passes over the railway line.

Construction work for the line started in early 2015. It has been in service since 10 December 2017, alongside Pfaffenthal-Kirchberg railway station and Luxtram.

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European Investment Bank in the context of European Union–Ukraine Association Agreement

The European Union–Ukraine Association Agreement is a European Union Association Agreement between the European Union (EU), the European Atomic Energy Community (Euratom), Ukraine and the EU's 28 member states at the time (which are separate parties in addition to the EU and Euratom). It establishes a political and economic association between the parties. The agreement entered into force on 1 September 2017; previously parts had been provisionally applied. The parties committed to co-operate and converge economic policy, legislation, as well as regulation across a broad range of areas, including equal rights for workers, steps towards visa-free movement of people, the exchange of information and staff in the area of justice, the modernisation of Ukraine's energy infrastructure and access to the European Investment Bank (EIB). The parties committed to regular summit meetings and meetings among ministers, other officials and experts. The agreement furthermore establishes a Deep and Comprehensive Free Trade Area between the parties.

The agreement commits Ukraine to economic, judicial and financial reforms to converge its policies and legislation to those of the European Union. Ukraine commits to gradually conform to EU technical and consumer standards. The EU agrees to provide Ukraine with political and financial support, access to research and knowledge, and preferential access to EU markets. The agreement commits both parties to promote a gradual convergence toward the EU's Common Security and Defence Policy and European Defence Agency policies.

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