EIB Group to showcase new climate finance actions at COP31

• EIB Group to step up fight against climate change at UN conference beginning today in Türkiye.
• New Adaptation Plan targets at least €30 billion of adaptation finance globally, to support climate resilience in 2026-2030.
• Global Green Bond Initiative, emerging-market risk data and cities climate fund point way to more private capital and bankable projects.

The European Investment Bank (EIB) Group will highlight new initiatives to accelerate green financing at the 31st United Nations Climate Change Conference (COP31) in Antalya, Türkiye. The EIB Group will stress the importance of moving from climate commitments to project implementation at COP31, which runs until 20 November.

During the conference, the EIB Group will launch its new Climate Adaptation Plan Phase 2, which foresees at least €30 billion in financing in 2026-2030 to help countries in Europe and around the world address growing risks from extreme weather. The plan will also strengthen project preparation, mobilise more public and private capital, and support jobs, health, nature and new markets for resilience technologies.

“At COP31, the focus must be on implementation: turning climate commitments into investments,” said EIB Vice-President Ambroise Fayolle. “Our new Adaptation Plan is an important part of this effort. By working closely with our partners, we can turn climate plans into projects and build stronger, more resilient economies.”

MDB cooperation

The EIB Group will also highlight its work with other multilateral development banks (MDBs) to expand climate finance, improve access to it and help countries translate their climate, nature and development priorities into concrete projects. Next year, it will chair the Heads of MDBs Group and aims to strengthen cooperation among them.

MDB climate finance globally in 2025 reached a record $163 billion, including $103 billion for low- and middle-income economies. At COP31, MDBs will present progress on adaptation and resilience, long-term climate strategies, climate-finance delivery, common results metrics and more transparent digital reporting.

Private finance

Mobilising private capital will be another focus of the EIB Group’s activities at COP31. The European Union-led Global Green Bond Initiative aims to mobilise €20 billion of green investments in emerging economies, combining financial support with technical assistance to develop green-bond frameworks and pipelines of investable projects.

Risk data

In addition, the EIB Group will showcase the Global Emerging Markets Risk Database (GEMs), which brings together more than four decades of data from MDBs and development finance institutions on defaults and recoveries. Greater transparency on investment risk can help mobilise private capital in emerging markets and developing economies.

From plans to projects

Project preparation and technical assistance will also feature prominently at COP31 because mobilising more climate finance requires stronger pipelines of bankable projects. The City Climate Finance Gap Fund helps cities move projects from concept towards implementation and has supported more than 400 cities.

EIB Climate Survey

In the run-up to COP31, the EIB published its 2026 Climate Survey, conducted in partnership with Ipsos bva and covering 23,000 people across all 27 EU Member States. The findings show that Europeans want an energy transition that cuts costs, strengthens Europe’s autonomy and delivers for the climate.

EIB Group at COP31

An overview of EIB Group activities at COP31 is available on the organisation’s website. The programme of events at the EIB-Benelux Pavilion is available here and the programme for the joint MDB Pavilion here.

For interview requests with EIB Vice-President Ambroise Fayolle, please get in touch with the press contacts below. 

Background information

EIB Group   

The European Investment Bank (EIB) Group is the financing arm of the European Union, owned by the 27 Member States, and one of the largest multilateral development banks in the world. In 2025, the EIB Group signed €100 billion in new financing and advisory services for over 870 high-impact projects under eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, territorial cohesion, agriculture and the bioeconomy, social infrastructure, strong global partnerships and the savings and investments union. Beyond long-term loans for large infrastructure, the EIB Group crowds in private investment for high-risk innovative projects and businesses, with a growing role in Europe’s markets for venture debt, venture capital, guarantees and securitisations. 

The European Investment Fund (EIF) is the subsidiary of the EIB Group specialised in providing guarantees, securitisation and equity to improve access to finance for small and medium-sized businesses and startups across Europe. Acting as an anchor investor, through its extensive network of partnering banks and investment funds, the EIF mobilises private investment and nurtures the ecosystem of venture capital funds to support innovative European entrepreneurs. 

With the support of all 27 EU governments, the EIF has joined forces with institutional investors in a pan-European alliance to mobilise up to €80 billion for investment into innovative companies scaling up to become global leaders. The joint effort will expand the size and scope of the highly successful European Tech Champions Initiative, which has helped create 15 European mega-funds and scale 47 companies, including 15 unicorns, since being established three years ago. 

Photos of the EIB Group’s representatives and headquarters, logo files and video B-roll for media use are available here.  

Press contacts 

Bruno Hoyer | b.hoyer@eib.org | +352 621 886 056 

Website: www.eib.org/press - Press Office: Press Contact Form