Michael Rada
4 min readJul 12, 2021


When you asked the GOOGLE SEARCH ENGINE for the CLIMATE BANK, you will be probably delivered millions of search results. Which starts with links to EUROPEAN INVESTMENT BANK “EIB”.

If you put the words in brackets “CLIMATE BANK” drop the number of results from 613.000.000 to 73.700 directing to the same address.

The EIB is the first bank in the world which put climate in a vault

It is quite an interesting opportunity, and as soon as I have learned about this action shortly after the launch I decided to ask why the EIB waited so long with the support of planet recovery financing the destruction instead

Unfortunately, no e-mail is mentioned on the EIB website and the forms reject my messages

This is why I go and investigate more and found the EIB GROUP CLIMATE BANK ROADMAP 2021

Within the eight years of development, I have learned that none of the virtual assets and digital fortune will be available if the electric power switches off. I have learned at the same time that you can not touch the 1,5°C and my everyday experience of construction of the WASTELESS WORLD tough me much more.

This is the reason why I was interested in the way how CLIMATE become its own BANK and learned that it has not, but it sounds well.

I decided to contact the President and the Vice-President of EIB and offer the strategic partnership and possibility for the bank to prove its intention in financing real and global change. This was done on May 23, 2021. This article would be published on July 12, 2021, at the time when I am planning to start direct negotiation with the UNITED NATIONS head about the same.

It is quite interesting to watch how the steps and plans of EIB reflect the keynote named BANKING AND ECONOMY IN THE AGE OF INDUSTRY 5.0 published on December 8, 2020.

I hope EIB knows that climate can not be locked in a vault, you can not store nice weather for later, same as we are not able and would not be able in the next 100 years to store snow-covered mountain peaks for our skiing holiday.

No matter how many times the EUROPEAN COMMISSION show the following image to the public, no plant and no tree will survive on a pile of money, it will die.

SUSTAINABLE MONEY is money that does not get wasted.

Money should flow, because it exists already we should utilize it best, not waste it. Money should not be used for destruction anymore but for construction instead.

The estimated value of the waste industry in 2023 is 435B USD. The estimated value of INDUSTRY 5.0 and global systematic waste prevention was 475T USD back in 2019. The ROI of standard INDUSTRY 5.0 implementation project is usually shorter than the time of implementation, no debt but profit is being generated frequently without capital investment, which results in the changed function of banks and banking system.

The reason for banks not to support INDUSTRY 5.0 is simply professional blindness and the habit based on the opinion that nothinc can change. I have seen the same back in 2013 when the heads of waste companies told me, after explaining the systematic waste prevention project, following”


Alrady in 2019 when the volume of products that have been prevented to become waste reached 375.000 metric tons, my name was no welcome on the management meetings. In 2020 we reached the 1.000.000 tons and I do expect to double in the first year of INDUSTRY 5.0 NETWORK function. The WORLD BANK predicts growing volumes till 2050 but I know that locally are already numbers dropping down and after the implementation in national legal frame, the decrease start to be visible with much higher speed.

INDUSTRY 5.0 is not a bank, it does not use buzz words like GREEN, BLUE, SUSTAINABLE in its name, just deliver the results which materialize what all the words express.

The only vault it use and utilize is the HUMAN HEART which helps to change the mindst of its owner from WASTEFUL to WASTELESS by every single one whom INDUSTRY 5.0 principles reach, so please share the message, share the keynotes and the most important, BE THE ROLE MODEL OF CHANGE, we have no time to be wasted

Bank can store money and items like gold, not the climate.

What can bank do is to invest in recovery instead of damage.

I just wonder what would EIB follow up after learning about the existence of INDUSTRY 5.0 and receiving the invitation to join the strategic partnership program.

I will let you know

Have a nice time free of waste and wasting in al its forms and stay safe

Michael Rada, HUMAN



Michael Rada

I am HUMAN. This is the only title you can find after 30 years in business on my business card. Since 2013 I build wasteless world. I am founder of INDUSTRY 5.0