EIB: Scaling up ambition: The EU bank presents new policies and targets at #COP25

02 December 2019

EIB Group financing will support EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030. The EIB will increase its financing activities dedicated to climate action and environmental sustainability to reach 50% of its operations in 2025.

At the COP 25 United Nations Climate Change Conference in Madrid, the EIB, the EU bank, will be discussing how its new climate action roadmap and recent decision to phase out support for unabated fossil fuel energy projects can support European Union leadership on international climate action.

The EIB delegation will engage with national governments, the private sector and civil society as well as fellow financial and European institutions to debate how more climate finance can be mobilized to tackle the climate emergency. In addition, the EIB will be signing a number of new financing agreements to promote solar energy projects in Spain and climate action investments in Latin America.

Full press release on EIB

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