The European Investment Bank together with the Agence Française de Développement (AFD) and KfW, the German promotional bank, launched the Clean Oceans Initiative in October 2018 to fight plastic waste in rivers, seas and on land.
The initiative identifies projects that fight plastic waste in rivers, seas and on land. The goal is to finance €2 billion in public and private sector projects by 2023. The initiative has already met more than a third of this target.
The focus is on regular waste, wastewater and stormwater management projects that reduce the discharge of plastics and other waste. To be eligible, projects need to demonstrate efficient and effective ways of stopping plastic waste.
Read and download the brochure that provides an update on the initiative’s progress.
Original source: EIB
Published on 20 October 2019
