EIB President Nadia Calviño urges cities to boost green investment for climate safety
Updated
Updated · Bloomberg · Apr 29
EIB President Nadia Calviño urges cities to boost green investment for climate safety
8 articles · Updated · Bloomberg · Apr 29
Speaking at the 12th Bloomberg CityLab summit in Madrid, Calviño highlighted that 60% of EIB finance now supports the green transition, with 25% allocated to cities.
She emphasized the urgent need for urban adaptation and mitigation, citing recent deadly floods in Portugal, Spain, and France as evidence of increasing climate risks.
Calviño noted cities' growing vulnerability due to climate change, the EIB’s €600 billion balance sheet, and its alignment with new EU priorities, including defense, energy, and housing.
With a $4.5 trillion annual gap, can public funds ever truly climate-proof our cities?
If resilience projects pay 10-to-1, why does a report call Europe's climate efforts 'insufficient'?
How can cities counter populist backlash to ensure green transitions are not derailed?
What simple, EU-funded system saved a Portuguese town from recent catastrophic flooding?
How can green investments avoid displacing the vulnerable communities they are meant to protect?
Can data-driven 'cool roofs' and urban forests effectively combat deadly city heatwaves?