News
CEB hosts working group on adaptation to climate change
03 December 2015
PARIS - In parallel with COP21, the Council of Europe
Development Bank (CEB) held a one-day meeting of the European financing
Institutions working group on adaption to climate change.
Representatives from KfW, EIB, EBRD, AfD and the European Commission attended the meeting which was hosted by the CEB on its premises.
The working group is in the process of finalizing good practice guidance for financial institutions on integrating adaptation measures into project development.
The document will serve to better incorporate climate resilience into all stages of the funded projects.
Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook stable and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.