holistic concept, and its notion and context could also change from time to time
depending on context and circumstances. Such a con conceptual framework has
seldom been properly accommodated in any green shipping finance initiative,
including EIB projects as we shall see below.
3 Core Contractual Undertaking with Reference to Green
Obligations
The EIB introduced expressly a set of proforma contract terms in 2014 which would
serve as a template for all their financing and financial support agreements as regards
commitments to sustainability and environmental matters.
15 This four page
Clean energy
Efficiency
Transport
Pollution, waste
and water
Land
Low-carbon infrastructure
Clean coal
CCS
Large hydropower
Nuclear
Bioenergy, Marine
Wind, Solar,
Geothermal,
Small hydropower
Fossil fuel power
efficiency
Advanced materials
Green buildings
Lighting
Industrial energy
efficiency
Most commonly
included
Metro, BRT,
Non-diesel trains
Electric cars, Alternative
fuel vehicles
Logistics
Least commonly
included
Pollution
prevention,
Recycling
Wastewater
treatment
Waste systems
Water supply
Protected areas
Biodiversity
Green agriculture
Energy and water
efficiency
Afforestation
Reforestation
Low-carbon base
stations broadband
General grid efficiency
Smart/Mini grid
Grid integration
Storage
Fig. 1 Interconnected activities making a positive contribution to a sustainable socio-economic
and physical environment (source: UNEP [http://unepinquiry.org/wpcontent/uploads/2016/09/1_
Definitions_and_Concepts.pdf at p. 8.])
15 http://www.eib.org/attachments/documents/eib_standard_contractual_clauses_on_environmen
tal_information_en.pdf.
136
J. Chuah