Clean Oceans Initiative 2.0 (EIB, EBRD, ADB, KfW)

Enriched International · Found: 2026-03-11 12:58

Collaborative initiative of EIB, EBRD, ADB, and KfW with EUR 3-4 billion in financing for waste prevention and reduction in coastal areas, recycling capacity enhancement, and marine litter reduction.

Source: https://www.ebrd.com/home/news-and-events/news/2025/public-development-banks-launch-clean-oceans-initiative-2-0-afte.html

Funding Details

Contact

Media enquiries: https://www.ebrd.com/home/contacts/ebrd-media-enquiries.html | EBRD contacts: https://www.ebrd.com/home/contacts/ebrd-contacts-list.html

Last Checked

2026-04-20 09:58

Application Checklist

Eligibility

• Projects in Asia, Africa, or Latin America are prioritized; geographic focus on regions with major river-to-ocean plastic flows
• Applicants must be eligible borrowers under the relevant member bank (EIB, EBRD, KfW, ADB, AFD, or CDP) — typically public entities or private sector companies

Project Scope

• Project must directly address plastic pollution or litter entering the ocean from coastal or riverine sources
• Focus areas include wastewater treatment, solid waste management, stormwater management, or circular economy/waste prevention solutions
• COI 2.0 also supports alternatives to single-use plastics and circular economy models — project proposals should quantify expected plastic reduction outcomes

Required Documents

• Projects should demonstrate measurable impact on plastic pollution reduction using scientifically robust indicators

Constraints

• Financing is structured as long-term loans or blended finance, not grants; applicants must meet creditworthiness or co-financing requirements

Historical Context

The original Clean Oceans Initiative was launched in 2018 and extended in 2022. As of May 2025, it achieved its €4 billion financing target. COI 2.0 was launched June 9, 2025 at the UN Ocean Conference in Nice, with a new €3 billion target for 2026–2030 and ADB joining as a new member.

Why it was added

Major multi-bank initiative with EUR 3-4B for marine litter and waste management

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