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Add to Preferred SourcesEuropean finance ministers welcomed the European Investment Bank’s crucial role in providing climate finance.
At the Annual Meeting of the EIB Board of Governors in Luxembourg, ministers welcomed the EU Bank’s role delivering the Investment Plan for Europe, ambitious plans to enhance the impact of energy financing and unlocking transformational public and private investment around the world. They also welcomed the EIB’s determination to do even more to fight global warming and the impact of a changing climate.
“The EIB is Europe’s climate bank. We are leading providers of climate action finance. And we intend to do even more in the future. The clock is ticking and we must accelerate our efforts. In last month’s elections, Europeans demanded more ambitious support for energy transition and increased private investment to meet climate goals. The EU Bank said very clearly that, with our members’ support, we intend to invest more in what needs to be done, and ensure climate considerations guide everything we do” said Werner Hoyer, President of the European Investment Bank.
The Board of Governors discussed developments over the past year, including preparations for Brexit, investment priorities and cooperation with national and international partners. Ministers highlighted the success of the Investment Plan for Europe and welcomed preparations for InvestEU.
Ahead of the meeting, ministers approved the EIB’s audited accounts that include EIB Group financing totaling EUR 64.19 billion signed in 2018.
Original source: EIB
Published on 14 June 2019