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.
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”.
Around 10 million young people reach working age every month. By working with the @EIB, @UNICEF can help make sure that children and young people have the digital, business and entrepreneurial skills needed to thrive in today’s market. https://t.co/SETHPSz4Xi pic.twitter.com/x9HBsiC1OQ— Henrietta H. Fore (@unicefchief) January 27, 2020