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The EIF, backed by InvestEU, has announced its 30mln euros support as a cornerstone investor at first closing to the European Climate Debt Solutions Fund (“EUCLIDES”) managed by Rivage Investment.

Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to the new report by the Asian Development Bank (ADB).

Despite the original proposal made in December 2021 by the European Commission, the revision of the Energy Performance of Buildings Directive (EPBD) discussed and voted recently by the Industry, Research and Energy Committee (ITRE) of the European Parliament calls for more ambitious targets to reach zero-emissions buildings from 2028 but provides more flexibility for member states to achieve them through national plans.