[en] This chapter deals with the topic of green financing, focusing on the role of the European Investment Bank (EIB). The EIB constitutes a particularly relevant case study because the EIB proclaimed itself to be the first international climate bank in 2019. Upon its proclamation, the EIB pledged that it would stop investing in fossil fuel projects by the end of 2021 and provide EUR 1 trillion for climate projects before 2030. As such, the EIB can induce change by promoting climate-related investments, not only through attractive lending conditions but also-as Kavvadia argues-by diffusing sustainability norms through project selection and due-diligence criteria for projects to be financed.
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