EIB’s Board met early last week and adopted their Energy Lending Policy midterm review, welcoming a significant increase in energy efficiency and renewable energy financing. 

“New financing approved by the EIB will support investment to enable greater use of sustainable transport, increase renewable energy use and accelerate electric vehicle innovation. The EIB’s Energy Lending Policy was key in enabling the Bank to promote the green transition. In the period since its adoption, we continued to increase support for renewables, for energy efficiency and energy innovation. The policy helped the EU Bank make a decisive contribution to the pursuit of the sustainable development goals and of the Paris goals on climate. The mid-term review confirmed this”, said Wern