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ADB, EIB Join Forces to Protect Oceans, Support the Blue Economy


ADB, EIB Join Forces to Protect Oceans, Support the Blue Economy
News Release | 15 January 2021
MANILA, PHILIPPINES (15 January 2021) The Asian Development Bank (ADB) and the European Investment Bank (EIB) today formed a new Clean and Sustainable Ocean Partnership to support initiatives in Asia and the Pacific to help meet the Sustainable Development Goals (SDGs) and the climate goals of the Paris Agreement.
The partnership will strengthen the capacity of ADB and EIB to support high-impact projects. Both institutions will finance activities aimed at promoting cleaner oceans through the reduction of land-based plastics and other pollutants discharged into the ocean, as well as projects to improve the sustainability of socioeconomic activities that take place in oceans or use ocean-based resources. ....

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ADB, EIB join forces to protect oceans, support blue economy


ADB, EIB join forces to protect oceans, support blue economy
ANI |
Updated: Jan 15, 2021 17:14 IST
Both institutions will finance activities aimed at promoting cleaner oceans through the reduction of land-based plastics and other pollutants discharged into the ocean, as well as projects to improve the sustainability of socio-economic activities that take place in oceans or use ocean-based resources.
Healthy oceans are critical to life across Asia and the Pacific, providing food security and climate resilience for hundreds of millions of people, said ADB Vice-President for Knowledge Management and Sustainable Development Bambang Susantono.
This memorandum of understanding between ADB and EIB will launch a framework for cooperation on clean and sustainable oceans, helping us to expand our pipeline of ocean projects in the region and widen their impacts. ....

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