In January 2024, ELTI released its latest brochure, presenting 16 lighthouse projects in the field of Green Investment, each supported by their respective NPBI, all of which are members of ELTI.
Climate change and environmental degradation pose an existential threat to Europe and the entire world. To overcome these challenges, the European Union devised the European Green Deal strategy, which aims to transform the EU into a modern, resource-efficient and competitive economy, ensuring:
• net zero emissions of greenhouse gases by 2050;
• economic growth decoupled from resource use;
• no person and no place are left behind.
The environmental transition is a gradual process that unfolds over time rather than occurring as a singular event. The 2015 Paris Agreement, endorsed by 196 countries worldwide, triggered a multitude of measures and projects in nearly every sector globally: from small investments in heating systems to the development of electric transport infrastructure in both urban and rural areas, as well as the exploration of new technologies and cross-border renewable energy projects. All of these require long-term investments in the coming years.
Investment projects for the Green Transition are implemented at national, regional and local levels. Most project promoters are private but public investments are making a significant impact. Public promotion triggers a faster implementation of these projects to reach our ambitious goals. However, new and ‘riskier’ technologies also require public support.
National Promotional Banks and Institutions (NPBIs) all over Europe are experienced financing partners: they know their markets and the culture within their countries and they speak the language of their clients. In addition, NPBIs know how to shape financial products efficiently to achieve policy goals, such as the Green Transition, and how to attract much-needed private investments.
This brochure presents 13 European lighthouse projects, all of which are supported by their respective NPBIs – from Latvia to Greece, from Ireland to Bulgaria. I invite you to look at these examples as we hope that green projects will continue to find optimal financing solutions in the future. NPBIs are ready to provide this funding in the most efficient manner. Public and private project promoters are working side by side with NPBIs as a strong unit.
Together we can do more!