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Luxembourg–European Investment Bank Partnership Seen As Example To Improving Climate Investment



Luxembourg–European Investment Bank Partnership Seen As Example To Improving Climate Investment

The Luxembourg–EIB Climate Finance Platform has been identified as an international model for increasing climate investment with reduced public sector support and representing a key step to tackle the challenge of limited equity investment in climate projects.

The new initiative will enable climate focused investment funds to support high-impact climate projects around the world and bring in additional support from private investors who otherwise could not back more challenging climate schemes.

“Access to public funds to reduce investment risk is essential to scale up climate finance from private investors. Initiatives such as the new Luxembourg-EIB Climate Finance Platform represent a clear model for others to follow,” said Elvira Lefting, Managing Director of fund manager Finance in Motion.

The contribution of the new Luxembourg – EIB Climate Finance Platform to unlocking new climate investment and address the limited availability of equity investment in climate projects was outlined to representatives of countries, financial institutions and international fund managers at the COP 22 climate conference currently being held in Marrakesh, Morocco.

Governments around the world have limited public budgets and unlocking private investment is essential to address climate change.

“Governments around the world have limited public budgets and unlocking private investment is essential to address climate change. Luxembourg is pleased to work with the European Investment Bank, the world’s largest lender for climate related investment, to support the Luxembourg-EIB Climate Finance Platform.” highlighted Carole Dieschbourg, Luxembourg Minister of the Environment.

This new initiative will support Luxembourg based climate investment funds to support high-impact climate projects inside and outside Europe and be managed by the European Investment Bank, the world’s largest financier for climate related investment.

“Mobilising new investment for projects that help tackle climate change is a global challenge. Here at COP 22 in Marrakech the global community is starting to implement the historic Paris Climate Agreement and sharing experience of successful initiatives such as the Luxembourg-EIB Climate Finance Platform will strengthen similar efforts elsewhere around the world. At a time when political leadership on climate is needed, it is essential for Europe to show how climate challenges can be turned into opportunities through exciting new initiatives such as this. Considering the importance of our financial centre, it is only natural that Luxembourg is a frontrunner in shifting towards sustainable investments.” added Minister Dieschbourg.

Earlier this month Luxembourg ratified the Paris Climate Agreement and Luxembourg has agreed to contribute EUR 30 million to this new initiative as a key element of Luxembourg’s climate finance engagement. Luxembourg’s overall dedicated international climate finance contribution represents EUR 120 million, corresponding to EUR 215 per inhabitant, making Luxembourg one of the biggest per capita donors. This contribution comes on top of official development assistance.

“Scaling up private finance is a priority of the global climate agenda and a key focus is to increase the impact of the European Investment Bank’s own climate financing. Simply speaking if private investment is not mobilised, efforts to tackle climate change will fail.” confirmed Jonathan Taylor, European Investment Bank Vice President.

Luxembourg’s environment minister Carole Dieschbourg and Finance Minister Pierre Gramegna formally launched the Luxembourg – EIB Climate Finance Platform with EIB President Werner Hoyer last month.

“Successful effort to tackle local challenges of a changing climate and increase the impact of investment require innovative financing. This new initiative will help unlock new climate focused equity investment in regions most vulnerable to climate change” Monique Barbu, Executive Secretary of the United Nations Convention to combat desertification.

Over the last five years the European Investment Bank has provided more than EUR 90 billion for climate related investment and EIB climate finance reached a record high in EUR 20.7 billion in 2015. Prior to COP 21 in Paris the European Investment Bank adopted its first Climate Lending Strategy which reinforced the climate related impact of all EIB financing activity.


Want to Connect With Nature? Start by Disconnecting From Busyness



Connect With Nature

Have you ever found yourself staring at one of your (many) devices and feeling slightly disgusted with how much time you waste on technology? If so, you aren’t alone. We all have moments like these and it’s important that we use them as motivation to change – especially if we want to be more connected with nature.

How Busyness Impacts Your Connection With Nature

Whether you realize it or not, you live an ultra connected life. Between smart phones, tablets, computers, and wearable devices, you’re never very far from some sort of technology that can connect you to the internet or put you in touch with other people. That’s just the world we live in.

While it could be argued that this sort of omnipresent connectivity is a positive thing, it’s also pretty clear that being permanently tethered to technology impacts our ability to strip away distractions and connect with nature.

When you’re always within arm’s reach of a device, you feel a sense of busyness.  Whether it’s browsing your social media feed, uploading a picture, reading the news, or responding to an email, there’s always something to do. As someone who wants to spend more time in nature, this is problematic.

4 Practical Ways to Disconnect

If you want to truly connect with nature and live a greener lifestyle, you have to be proactive about finding ways to disconnect. Here are a few practical suggestions:

1. Switch to a New Phone Plan

It’s not always practical to totally unplug from the world. Family and work responsibilities mean you can’t go off the grid and continue to fulfill your responsibilities. Having said that, there are some ways to scale back.

One suggestion is to switch to a prepaid phone plan. When you have a prepaid phone plan, you’re far less likely to spend hours and hours of your time making phone calls, sending texts, and surfing the web. It forces you to be more conscious of what you’re doing.

2. Get Rid of Social Media

Social media is one of the biggest time wasters for most people. Whether you realize it or not, it’s also a huge stressor. You’re constantly being exposed to the best snapshots of everyone else’s lives, which makes you feel like you’re missing out on something (even when you aren’t).

If you want to feel a sense of relief and free yourself up to spend more time in nature, get rid of social media. Don’t just delete the apps off your phone – actually disable your accounts. It’s a bold, yet necessary step.

3. Create Quiet Hours

If you aren’t able to get rid of social media and disable various online accounts, the next best thing you can do is establish quiet hours each day where you totally detach from technology. You should do this for a minimum of three hours per day for best results.

4. Build Community

Do you know why we’re drawn to social media and our devices? Whether consciously or subconsciously, it’s because we all want to be connected to other people. But do you know what’s better than connecting with people online? Connecting with them in person.

As you build real life, person-to-person relationships, you’ll feel less of a need to constantly have your eyes glued to a screen. Connect with other people who have an appreciation for nature and bond over your mutual interests.

Untether Your Life

If you find yourself constantly connected to a device, then this is probably a clear indicator that you aren’t living your best life. You certainly aren’t enjoying any sort of meaningful connection with nature. Now’s as good a time as any to untether your life and explore what a world free from cords, screens, and batteries is really like.

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6 Tips for an Eco-Friendly Move



Moving can be a stressful and challenging time. No matter how many times you’ve done it in the past, the process of packing up, transporting, and unpacking isn’t very fun. It’s also not very eco-friendly. As you prepare for your next move, there are things you can do to ensure you leave less of a footprint behind.

6 Tips for a Greener Move

Because of the stress and pressure felt when moving, it’s pretty common for people to rush through the process and focus on getting it done. In fact, a lot of people take an “at all costs” approach; they’ll do whatever it takes to make the process as cheap and fast as possible. Don’t be one of those people. It doesn’t take much effort to turn a standard move into an eco-friendly move.

1. Maximize Each Trip

When moving across town, it’s imperative that you make as few trips as possible. Each trip requires more gas, more emissions, and more waste, and more time.

If you’re taking your personal vehicle, consider pulling a trailer behind it. You’d be surprised how much stuff you can fit into a small trailer. Not only will it make your move greener, but it’ll also save you a lot of time.

2. Donate Things You Don’t Want to Keep

The longer you live somewhere, the more junk you accumulate. This isn’t always obvious until you start packing for a big move. Instead of bringing all of these things with you to your next home, get rid of the stuff you don’t need! If the items are useful, donate them. If the items don’t have much value, toss them.

3. Reuse Moving Boxes

Not only are moving boxes expensive, but they’re also wasteful. If you need a bunch of cardboard boxes, consider looking around on Craigslist, asking friends, or checking the dumpsters behind stores. You can usually find a bunch of recycled boxes of all different shapes and sizes. Here are 12 places you can get them for free.

4. Get Creative With Packing

Who says you need moving boxes? You may find that it’s possible to do most of your move without all that cardboard. Things like storage containers, trashcans, filing cabinets, buckets, and dressers can all store items. Blankets and sheets can be used in lieu of bubble wrap to prevent your items from getting damaged.

5. Use Green Cleaning Supplies

Once you arrive at your new place, resist the urge to pull out a bunch of harsh chemicals to clean the place. You can do yourself (and the planet) a favor by using green cleaning supplies instead. Ingredients like vinegar, baking soda, and ammonia are great to start with.

6. Forward Your Mail ASAP

Don’t delay in forwarding your mail from your previous address to your new one. Not only is it wasteful for the Postal Service to route your mail to a place where you don’t live, but the next owner is probably just going to toss your letters in the trash.

Moving Doesn’t Have to be Wasteful

Most people only move once every few years. Some people will go a decade or more without a move. As a result, the process of moving often feels strange and new. The less experience you have with it, the less likely it is that you’ll be as efficient as you should. But instead of just diving into the process blind, take some time to learn about what an eco-friendly move looks like. That way, you can leave behind the smallest footprint possible.

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