Another participant enquired which gaps in CE financing should be addressed in
the future. Mr. Schempp, EIB specialist on CE, replied that in the past the EIB has
built up a long track record in financing traditional recycling and resource efficiency
projects. In the last few years, the bank has increased its risk taking capacity
through the establishment of the EFSI and InnovFin programmes and is thus in a
better position to provide financing to more innovative circular economy projects
and business models. While the financing risk may be increased, such projects are
expected to deliver higher economic and environmental benefits. Ms. Busato, EIB
Innovation Finance Advisor, pointed out that as long as providers of return based
finance and credit rating assessment institutions fail to account for the additional
risk associated with the linear economy projects, there will be a gap in methodologies for assessment. The next step is establishing standard methodologies calculating economic return based on a balanced approach to linear and circular risks.
References
1. European Investment Bank Advisory Services, Access-to-finance conditions for Projects
supporting Circular Economy, Report, Luxembourg 2015
2. (Accessed 12.10.2017)
3. (Accessed 12.10.
2017)
4.
(Accessed 12.10.2017)
5. (Accessed 12.
10.2017)
6. (Accessed 12.10.2017)
Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0
International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing,
adaptation, distribution and reproduction in any medium or format, as long as you give appropriate
credit to the original author(s) and the source, provide a link to the Creative Commons license and
indicate if changes were made.
The images or other third party material in this chapter are included in the chapter’s Creative
Commons license, unless indicated otherwise in a credit line to the material. If material is not
included in the chapter’s Creative Commons license and your intended use is not permitted by
statutory regulation or exceeds the permitted use, you will need to obtain permission directly from
the copyright holder.
432
L. Goovaerts et al.
the future. Mr. Schempp, EIB specialist on CE, replied that in the past the EIB has
built up a long track record in financing traditional recycling and resource efficiency
projects. In the last few years, the bank has increased its risk taking capacity
through the establishment of the EFSI and InnovFin programmes and is thus in a
better position to provide financing to more innovative circular economy projects
and business models. While the financing risk may be increased, such projects are
expected to deliver higher economic and environmental benefits. Ms. Busato, EIB
Innovation Finance Advisor, pointed out that as long as providers of return based
finance and credit rating assessment institutions fail to account for the additional
risk associated with the linear economy projects, there will be a gap in methodologies for assessment. The next step is establishing standard methodologies calculating economic return based on a balanced approach to linear and circular risks.
References
1. European Investment Bank Advisory Services, Access-to-finance conditions for Projects
supporting Circular Economy, Report, Luxembourg 2015
2.
3.
2017)
4.
(Accessed 12.10.2017)
5.
10.2017)
6.
Open Access This chapter is licensed under the terms of the Creative Commons Attribution 4.0
International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing,
adaptation, distribution and reproduction in any medium or format, as long as you give appropriate
credit to the original author(s) and the source, provide a link to the Creative Commons license and
indicate if changes were made.
The images or other third party material in this chapter are included in the chapter’s Creative
Commons license, unless indicated otherwise in a credit line to the material. If material is not
included in the chapter’s Creative Commons license and your intended use is not permitted by
statutory regulation or exceeds the permitted use, you will need to obtain permission directly from
the copyright holder.
432
L. Goovaerts et al.