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Europe Daily Bulletin No. 10440

30 August 2011
GENERAL NEWS / (ae) eu/eib
Loan for climate change mitigation projects in India

Brussels, 29/08/2011 (Agence Europe) - On Monday 29 August, the European Investment Bank (EIB) granted a €200 million loan to ICICI Bank of India for projects in the renewable energy sector to help mitigate the effects of climate change.

The main objective of this climate change framework loan is to make long-term finance available for investments in renewable energy projects that mitigate climate change by contributing to the avoidance or reduction of greenhouse gas emissions. This is a...