EIB Doubles Climate Change Adaptation Investment to €30bn by 2030
The European Investment Bank (EIB) is stepping up its commitment to combat climate change. It has partnered with Allianz Global Investors (Allianz GI) for the Emerging Markets Climate Adaptation Fund and plans to double its investment for climate change adaptation to €30bn by 2030.
The EIB, founded by the Treaty of Rome in 1958, is one of the largest multilateral financial institutions globally. It has been instrumental in financing Europe's energy transition, mobilising 40% of Europe's total investment in energy grids in 2024. Looking ahead, the EIB plans to provide a record €11bn in new financing for energy grids in 2025.
In its second stage of the Climate Bank Roadmap, the EIB is ramping up investments in climate adaptation. It aims to simplify reporting procedures for climate-related investments, making it easier for projects to access funding. The EIB has also become a key issuer of green bonds, including being one of the first issuers under the new EU green bond standards.
The EIB's partnership with Allianz GI for the Emerging Markets Climate Adaptation Fund further strengthens its commitment to climate action. As a key lender for the European energy transition, the EIB is well-positioned to drive progress towards the EU's climate goals.
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