The Role of European Investment Bank (EIB) and National and Regional Development Banks in the Green Transformation

This chapter examines the important role that can be played by national and regional development banks in the green transformation. Our focus is on the European Investment Bank (EIB), but we argue that EIB’s effective mechanisms to fund the initiatives of the European Green Deal can be diffused worldwide to other regional and national banks, including in Latin America. Carbon shadow carbon pricing, green taxonomy, climate roadmap, and new instruments such as venture debt constitute experiences that can be drawn on by Latin American and other countries.