The European Investment Bank (EIB) is the European Union's investment bank and is owned by the 27 member states. It is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions companies and projects that achieve the policy aims of the European Union through loans, equity and guarantees.
A European Capital of Culture is a city designated by the European Union (EU) for a period of one calendar year during which it organises a series of cultural events with a strong pan-European dimension. Being a European Capital of Culture can be an opportunity for a city to generate considerable cultural, social, and economic benefits, and it can help foster urban regeneration, change the city's image, and raise its visibility and profile on an international scale. Multiple cities can be a European Capital of Culture simultaneously.
Estonian Air was the flag carrier airline of Estonia between 1991 and 2015. Headquartered in Tallinn it operated scheduled services from Tallinn Airport. Prior to its closure, the airline flew from Tallinn to 11 destinations in Europe.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."
Janez Potočnik is a Slovenian politician who served as European Commissioner for Environment from 2009 until 2014. He was formerly Slovenia's Minister for European Affairs. In November 2014, he became co-chair of the International Resource Panel (IRP), a forum of scientists and experts working on natural resources management.
Ecolabels and Green Stickers are labeling systems for food and consumer products. The use of ecolabels is voluntary, whereas green stickers are mandated by law; for example, in North America major appliances and automobiles use Energy Star. They are a form of sustainability measurement directed at consumers, intended to make it easy to take environmental concerns into account when shopping. Some labels quantify pollution or energy consumption by way of index scores or units of measurement, while others assert compliance with a set of practices or minimum requirements for sustainability or reduction of harm to the environment. Many ecolabels are focused on minimising the negative ecological impacts of primary production or resource extraction in a given sector or commodity through a set of good practices that are captured in a sustainability standard. Through a verification process, usually referred to as "certification", a farm, forest, fishery, or mine can show that it complies with a standard and earn the right to sell its products as certified through the supply chain, often resulting in a consumer-facing ecolabel.
The Model European Parliament (MEP) is an international simulation of the working of the European Parliament for students aged 16–19. The aim of the programme is to give young people an insight into the workings of the European Parliament and raise their awareness of European citizenship. Two sessions are held each year, each involving 180 secondary school students.
The European Research Area (ERA) is a system of scientific research programs integrating the scientific resources of the European Union (EU). Since its inception in 2000, the structure has been concentrated on European cooperation in the fields of medical, environmental, industrial, and socioeconomic research. The ERA can be likened to a research and innovation equivalent of the European "common market" for goods and services. Its purpose is to increase the competitiveness of European research institutions by bringing them together and encouraging a more inclusive way of work, similar to what already exists among institutions in North America and Japan. Increased mobility of knowledge workers and deepened multilateral cooperation among research institutions among the member states of the European Union are central goals of the ERA.
The European Design Awards, also known as the ED-Awards, are annual awards presented to European designers for outstanding work in the communication design field. The ED-Awards is a joint initiative of design magazines from across Europe and endorsed by the International Council of Design. The ED-Awards are judged by a panel of representatives from fifteen European design magazines, while the winning submissions are featured in the ED-Awards Catalogue.
Rail Baltica is an under-construction rail infrastructure project that is intended to integrate the Baltic states in the European rail network. Its purpose is to provide passenger and freight service between participating countries and improve rail connections between Central and Northern Europe, specifically the area southeast of the Baltic Sea. It is also intended as a catalyst for building the economic corridor in Northeastern Europe. The project envisages a continuous rail link from Tallinn (Estonia) to Warsaw (Poland), consisting of links via Riga (Latvia), Kaunas, and Vilnius (Lithuania). Its total length in the Baltic States is 870 kilometres (540 mi), with 213 kilometres (132 mi) in Estonia, 265 kilometres (165 mi) in Latvia, and 392 kilometres (244 mi) in Lithuania. Rail Baltica is one of the priority projects of the European Union (EU). It is part of the North Sea–Baltic Corridor of the Trans-European Transport Networks (TEN-T).
A green bond is a fixed-income financial instruments (bond) which is used to fund projects that have positive environmental benefits. When referring to climate change mitigation projects they are also known as climate bonds. Green bonds follow the Green Bond Principles stated by the International Capital Market Association (ICMA), and the proceeds from the issuance of which are to be used for the pre-specified types of projects. The categories of eligible green projects include for example: Renewable energy, energy efficiency, pollution prevention and control, environmentally sustainable management of living natural resources and land use, terrestrial and aquatic biodiversity, clean transportation, climate change adaptation.
Bristol was ranked in 2008 as the UK's most sustainable city by the environmental charity Forum for the Future, and in 2015 it received the European Green Capital Award. The Bristol Green Capital initiative is managed by a partnership supported by the City Council. Bristol is home to the environmental charities Sustrans, the Soil Association, and the Centre for Sustainable Energy. The city provides a range of recycling services for household waste.
Climate finance is an umbrella term for financial resources such as loans, grants, or domestic budget allocations for climate change mitigation, adaptation or resiliency. Finance can come from private and public sources. It can be channeled by various intermediaries such as multilateral development banks or other development agencies. Those agencies are particularly important for the transfer of public resources from developed to developing countries in light of UN Climate Convention obligations that developed countries have.
Pavan Sukhdev is an Indian environmental economist whose field of studies include green economy and international finance. He was the Special Adviser and Head of UNEP's Green Economy Initiative, a major UN project suite to demonstrate that greening of economies is not a burden on growth but rather a new engine for growing wealth, increasing decent employment, and reducing persistent poverty. Pavan was also the Study Leader for the ground breaking TEEB study commissioned by G8+5 and hosted by UNEP. Under his leadership, TEEB sized the global problem of biodiversity loss and ecosystem degradation in economic and human welfare terms, and proposed solutions targeted at policy-makers, administrators, businesses and citizens. TEEB presented its widely acclaimed Final Report suite at the UN meeting by Convention on Biological Diversity (CBD) in Nagoya, Japan.
The European Union (EU) Environmental Policy was initiated in 1973 with the "Environmental Action Programme" at which point the Environmental Unit was formed. The policy has thereafter evolved "to cover a vast landscape of different topics enacted over many decades" (Reuters) and in 2015 the Institute for European Environmental Policy estimated that "the body of EU environmental law" amounted to 500+ directives, regulations and decisions.
"Over the past decades the European Union has put in place a broad range of environmental legislation. As a result, air, water and soil pollution has significantly been reduced. Chemicals legislation has been modernised and the use of many toxic or hazardous substances has been restricted. Today, EU citizens enjoy some of the best water quality in the world"
Natural capital accounting is the process of calculating the total stocks and flows of natural resources and services in a given ecosystem or region. Accounting for such goods may occur in physical or monetary terms. This process can subsequently inform government, corporate and consumer decision making as each relates to the use or consumption of natural resources and land, and sustainable behaviour.
Better Planet Education is a British charity, founded in 1982 to encourage young people's understanding of the environment. The charity's main goal is to give young people a real awareness of environmental issues such as climate change, pollution, deforestation, endangered flora and fauna, and sustainable development.
VinylPlus was founded by the European Council of Vinyl Manufacturers (ECVM), the European Stabiliser Producers Association (ESPA), European Plasticisers and the European Plastics Converters (EuPC) in 2011 when the PVC industry renewed a previous initiative called Vinyl 2010. VinylPlus is a ten-year, industry-wide voluntary commitment to develop more ecologically responsible ways to produce, use and recycle PVC. The programme aligns with the principles and targets of the UN’s Sustainable Development Goals (SDGs) and the circular economy.
The European Green Deal, approved in 2020, is a set of policy initiatives by the European Commission with the overarching aim of making the European Union (EU) climate neutral in 2050. The plan is to review each existing law on its climate merits, and also introduce new legislation on the circular economy (CE), building renovation, biodiversity, farming and innovation.
Sustainable finance is the set of practices, standards, norms, regulations and products that pursue financial returns alongside environmental and/or social objectives. It is sometimes used interchangeably with Environmental, Social & Governance (ESG) investing. However, many distinguish between ESG integration for better risk-adjusted returns and a broader field of sustainable finance that also includes impact investing, social finance and ethical investing.
