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EIB to fund climate projects with EUR 1trn

Over the next ten years, the European Investment Bank will send roughly EUR 1trn into the economy in support of climate projects, the bank says just after launching a climate strategy.

Photo: Kai Pfaffenbach/Reuters/Ritzau Scanpix
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EU member state-owned European Investment Bank (EIB) has just agreed on a plan turn itself into a climate bank, writes news agency Agence Europe.

As a part of the plan, initially meant to run between 2021 and 2025, the EIB has set a target to mobilize EUR 1trn in green project funding.

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