EIB Invests EUR 3.8 billion to Fight Climate Change

During the COP24 global climate conference in Katowice, the Board of the European Investment Bank (EIB) has approved investments worth hundreds of millions of Euros for a various range of projects to fight climate change. Among these projects are wind and solar power plants, energy efficiency renovations and waste and water management systems. 

The money - a sum of  EUR 3.8 billion -  will be invested in all sectors in Europe and Africa.

“Supporting a resilient society is key to achieve the Sustainable Development Goals and reach the Paris agreement’s objectives. EIB experts at this very moment actively participate in discussions at the COP24 in Katowice. Projects approved today will enable households to access clean energy and energy efficient social housing as well as safe drinking water. The EU Bank will continue to play a crucial role in the struggle to achieve the Paris objectives”, said Werner Hoyer, President of the European Investment Bank.

EUR 335 million of investment approved today will go to Spain to support the consruction of wind and solar power systems, contributing to the  country’s target of 20% of final energy consumption coming from renewable sources by 2020.

To read the full press release, visit the website of the EIB.