climate change impacts

The European Investment Bank has partnered with the United Nations Children’s Fund (UNICEF) to protect children against climate change impacts.

A Memorandum of Understanding signed by the two parties will ensure an increase in investments in quality education and skills training for the most vulnerable children.

EIB and UNICEF will scale-up community-based climate adaptation initiatives in schools and health facilities, promote financial innovation including impact investments aimed at boosting financing of sustainable water, sanitation and hygiene infrastructure projects.

Pilot projects will soon be initiated in countries across Europe, Central Asia and Southern and Eastern Africa.

Climate change is a key topic at the African Utility Week and POWERGEN Africa conference. Click here to register to attend or for more information about the event.

Tackling climate change impacts

Nicolas Schmit, Commissioner for Jobs and Social Rights, said: “The social agenda of this European Commission aims for a more certain future for our children and young people. We want to protect them from poverty and make sure they have access to the skills and training they need to navigate the green and digital transitions. Nobody should be left behind. I welcome today’s agreement between the EIB and UNICEF which captures that very same ethos.”

“Supporting education, providing decent jobs and tackling climate change are of great importance for young people globally. These are also strategic priorities of the EU Bank”, said EIB Group President Werner Hoyer.

He continued “Leveraging the well-known expertise and operational capacity of UNICEF, the EU Bank will contribute to improve inclusive and equitable quality education for children and young people worldwide and promote lifelong learning opportunities”.