Brussels, 11/03/2013 (Agence Europe) - Last week, the European Investment Bank (EIB) granted a framework loan of 150 million euros to EXIM Bank in support of investment projects to help to reduce climate change. The operation will help to develop cleaner energy and to avoid or reduce greenhouse gas emissions. It will also reinforce the strategic partnership between the EU and India which provides, amongst other things, for cooperation in the fight against climatic disorders.
Theoretically, the operation will focus on small or medium-scale projects with limited environmental impact. However, some of these projects would qualify for Appendix II to the directive on environmental impact assessment (EIA) if they were located in the EU, in which case the competent authorities would have to decide on whether or not an EIA should be carried out. (OL/transl.fl)