European Investment Bank approves ETS2 Frontloading Facility The European Investment Bank (EIB) board has approved a €3bn Frontloading Facility which provides revenues to countries to spend on preparing citizens for higher fuel costs, once the EU’s carbon price on heating and fuel (ETS2) kicks in. A further €3bn could be … [continued]
After declaring itself a ‘climate bank’, the EU investment bank still financed new roads and airport expansions. The European Investment Bank (EIB) lent more than €7 billion for new roads, airport expansions and other transport projects that will increase CO2 emissions. That’s according to a new analysis of its transport loan book … [continued]
The European Commission, the European Investment Bank, and Breakthrough Energy Ventures chaired by Bill Gates, announced Wednesday the establishment of a new €100 million fund to support clean energy investments in Europe.
The European Investment Bank and the Palestine Investment Fund announced on Friday a loan agreement worth $18 million to finance the installation of rooftop solar PV systems on 500 public schools in the West Bank.
Spanish banking giant CaixaBank is partnering with the European Investment Bank to launch its first credit line to finance climate action-focused projects.
A group of 15 leading international organizations, including six global development banks, announced on the sidelines of the COP24 UN climate change conference a joint commitment to make their operations climate neutral.
A new pilot initiative, the Global Climate City Challenge, will seek to address technical preparation and financing for cities across the world to strengthen investment in green projects and programs essential to improving regional resilience to climate change.
The world’s six largest multilateral development banks committed $35.2 billion to climate financing for developing and emerging economies in 2017, a new record seven-year high and up 28% on 2016.
The European Investment Bank announced this week that it has signed an agreement to provide a €300 million framework loan in partnership with The Export-Import Bank of China, also known as Eximbank, which the Europeans hope will spur other financiers in providing up to €1 billion in financing to help the country reduce carbon emissions and improve environmental protection.
The European Investment Bank announced that it would commit €50 million in loans to finance 9 wind power projects developed by the Spanish firm Forestalia Renovables which will be built in the Aragón region of Spain.
