requires the application of Best Available Techniques. For investment “EIB loans and fully appraised allocations under framework loans, an assessment of the GHG emissions produced as a result of the project, based on proprietary sector-specific methodologies, is systematically carried out and reported for projects emitting more than 100kt CO2eq/yr in absolute terms or leading to an emission variation of more than 20kt CO2eq/yr. …When appraising the economic case for a project which results in significant change in GHG emissions, as may be the case with energy, industry or transport projects, the EIB incorporates an economic cost of carbon. The central value for a tonne of CO2eq is currently approximately 30 EUR per tome (for an emission in 2013), rising to nearly EUR 50 in 2030. This approach, based to a large degree on the evidence around the costs of meeting long term emissions targets is distinct from the financial price of carbon, such as the spot price on traded markets, which may be used in the financial analysis.” (EIB, ESH, ESS 4, para. 2). the borrower/client and [The Bank] have their own separate “Both MONITORING AND SUPERVISION monitoring responsibilities…”(ADB, SPS, Policy Delivery Process, General OP 4.01, Annex C, para. 1: A project's environmental management Requirements, para. 57) plan (EMP) consists of the set of mitigation, monitoring, and Borrowers/clients are required to: institutional measures to be taken during implementation and operation to eliminate adverse environmental and social impacts, safeguard measures and relevant safeguard plans, as “Implement offset them, or reduce them to acceptable levels. provided in the legal agreements, and to submit periodic monitoring reports on their implementation performance.” OP 4.01, C, para. 3: Environmental monitoring during project implementation the borrower and the Bank to evaluate and maintain procedures to monitor the progress of ….enables “Establish the success of mitigation as part of project supervision, and allows implementation of safeguard plans;” corrective action to be taken when needed. … the compliance with safeguard measures and progress “Verify toward intended outcomes;” OP 10.00 para. 21: The Bank also provides implementation support and disclose monitoring results and identify necessary “Document to the Borrower or the member country by reviewing information on corrective and preventive actions in the periodic monitoring reports;”
“EIB requires the application of Best Available Techniques. For investment loans and fully appraised allocations under framework loans, an assessment of the GHG emissions produced as a result of the project, based on proprietary sector-specific methodologies, is systematically carried out and reported for projects emitting more than 100kt CO2eq/yr in absolute terms or leading to an emission variation of more than 20kt CO2eq/yr. …When appraising the economic case for a project which results in significant change in GHG emissions, as may be the case with energy, industry or transport projects, the EIB incorporates an economic cost of carbon. The central value for a tonne of CO2eq is currently approximately 30 EUR per tome (for an emission in 2013), rising to nearly EUR 50 in 2030. This approach, based to a large degree on the evidence around the costs of meeting long term emissions targets is distinct from the financial price of carbon, such as the spot price on traded markets, which may be used in the financial analysis.” (EIB, ESH, ESS 4, para. 2). MONITORING AND SUPERVISION OP 4.01, Annex C, para. 1: A project's environmental management plan (EMP) consists of the set of mitigation, monitoring, and institutional measures to be taken during implementation and operation to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels. OP 4.01, C, para. 3: Environmental monitoring during project implementation ….enables the borrower and the Bank to evaluate the success of mitigation as part of project supervision, and allows corrective action to be taken when needed. … OP 10.00 para. 21: The Bank also provides implementation support to the Borrower or the member country by reviewing information on “Both the borrower/client and [The Bank] have their own separate monitoring responsibilities…”(ADB, SPS, Policy Delivery Process, General Requirements, para. 57) Borrowers/clients are required to: “Implement safeguard measures and relevant safeguard plans, as provided in the legal agreements, and to submit periodic monitoring reports on their implementation performance.” “Establish and maintain procedures to monitor the progress of implementation of safeguard plans;” “Verify the compliance with safeguard measures and progress toward intended outcomes;” “Document and disclose monitoring results and identify necessary corrective and preventive actions in the periodic monitoring reports;”