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EIB: 9.2 billion for urban development, climate action, education and renewable energy

The Board of Directors of the European Investment Bank (EIB) recently approved € 9.2 billion in new financing for 34 projects to accelerate urban development, deliver climate action, improve health and education, and unlocking business investment across Europe and around the world. “The COP26 conference in Glasgow demonstrated how important it is to increase investment to reduce emissions and adapt to a changing climate. The EIB Group will continue to play a leading role in this global effort.

The EIB's new support for local transformation investments will help avoid climate chaos and ensure cleaner air, safer water and healthier communities. The European Bank's stronger commitment to transparency will set a new benchmark for disclosure of information on emissions ", said Werner Hoyer, President of the EIB. The Board of Directors has adopted a new transparency policy for the EIB Group which includes a commitment to publicly disclose all information relating to environmental emissions. The funding will be divided as follows: 3.8 billion euros for urban development, sustainable transport and social housing; 2.3 billion euros for action for climate, water and renewable energy; € 1.9 billion for Covid economic resilience and business financing and € 1.2 billion for health and education.

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