EIB Ends Financing Fossil Fuel Energy Projects

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The EIB will end financing for fossil fuel energy projects from the end of 2021 / Future financing will accelerate clean energy innovation, energy efficiency and renewables / EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030 / EIB Group will align all financing activities with the goals of the Paris Agreement from the end of 2020.

The board of the European Investment Bank (EIB) today agreed a new energy lending policy and confirmed the EIB’s increased ambition in climate action and environmental sustainability. “Climate is the top issue on the political agenda of our time,” said EIB President Werner Hoyer. “Scientists estimate that we are currently heading for... ... More: Official Press Release EIB

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EU, EIB, bank, renewable energy, fossil fuel, lending, policy, climate action, sustainability, clean energy, wind, solar