The European Investment Bank (EIB) confirmed, on Monday 13 January, that it had decided to increase the Bank's climate financing to 50% of all its loans, which “will make it possible to unlock €1 trillion in support of investment in climate projects by 2030”, EIB President Werner Hoyer told a joint meeting of the European Parliament’s Budget Committee and Economic Affairs Committee.
The EIB President recalled its new lending policy in the energy sector, which will lead the EIB to...