Читать книгу EIB Impact Report 2020. Climate action, environmental sustainability and innovation for decarbonisation онлайн
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why
what
how
As a public bank, a key feature of EIB operations is that they must always constitute a response to suboptimal investment arising from some market failure. Market failures compromise the efficiency of the markets in delivering optimal results for society. They are classified as follows:
Public goods
Externalities
Imperfect competition
Incomplete or missing markets
Imperfect/asymmetric information
EIB financial interventions address these market failures. The Bank’s AIM framework has been designed to ensure that each project effectively addresses one or more of these situations.
Addressing additionality
This report aims to highlight the Bank’s role in generating additionality, particularly in helping to address the investment challenges facing projects for climate action and environmental sustainability and research, development and innovation for decarbonising energy-intensive industries. It presents an overview of barriers to climate-related and environmental investment in the European Union during the five years from 2015 to 2019, drawing on the EIB’s substantial experience of financial operations in these domains. The EIB’s intention is to illustrate the issues that must be overcome for the market for green investments to function efficiently.