- EIB plans to double climate adaptation financing to €30 billion from 2026 to 2030.
- A new €17 billion initiative will support 350,000 European SMEs in energy savings.
- EIB has mobilized 40% of Europe's total investment in energy grids for 2024.
- TechEU aims to mobilize €250 billion by 2027 for cleantech innovation.
Climate Bank Roadmap Phase Two
The European Investment Bank (EIB) Group is advancing its Climate Bank Roadmap with a focus on competitiveness, energy security, and lower energy prices. The second phase aims to simplify procedures to accelerate green investment, reinforcing the EIB's role as a key financier in the green industrial revolution.
Investment and Adaptation
The EIB Board has approved a plan to double climate adaptation financing to €30 billion between 2026 and 2030. This decision underscores the importance of adaptation for economic security and highlights the economic benefits of preventive measures against climate impacts.
Support for SMEs and Cleantech
A new €17 billion initiative will assist 350,000 European small and medium-sized enterprises (SMEs) in investing in energy savings. The TechEU program, Europe's largest innovation financing initiative, aims to mobilize €250 billion by 2027, prioritizing support for cleantech innovators.
Energy Sector Investments
The EIB Group plans a record €11 billion in new financing for energy grids this year, having already mobilized 40% of Europe's total investment in this sector for 2024. The focus is on strengthening Europe's competitiveness by supporting cleantech, reinforcing supply chains, and improving energy security.
Process Simplification
The EIB is simplifying its processes to reduce administrative burdens and accelerate access to green finance, especially for SMEs. By leveraging EU reporting standards and digital tools, the EIB aims to streamline access to finance and cut red tape for its clients.
