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Add to Preferred SourcesSpanish, Polish and Bulgarian commuters, residents of Warsaw, Vilnius and Turku, and students across France will benefit from new financing by the European Investment Bank.
- EUR 2.3 billion to strengthen industrial and corporate competitiveness
- EUR 1.2 billion for urban rail, maritime and air transport
- EUR 1 billion for renewable energy
At their monthly meeting in Luxembourg, the Board of the European Investment Bank (EIB) approved backing for EUR 6.67 billion of sustainable transport, urban development, water, clean energy and private sector investment across Europe and Africa.
“Yesterday the Intergovernmental Panel on Climate Change said in no uncertain terms that we must accelerate investment to reduce carbon emissions and adapt to a changing climate. The EU Bank has unique experience and a strong track record of supporting climate action projects, from sustainable energy, to transport and urban investment to name but a few areas. The projects we approved today are a testimony to our commitment to sustaining and scaling up climate finance, which is essential for the future of this planet”, said Werner Hoyer, President of the European Investment Bank.
Original source: EIB
Published on 9 October 2018