ESG | 30 October, 2024 at 12:30 PM
Boost for climate adaptation in Europe as EIB and WWF join forces
The partnership will develop projects to strengthen climate adaptation by working with nature.
The partnership will develop projects to strengthen climate adaptation by working with nature.
President Nadia Calviño and EIB Group delegation join partners at International Monetary Fund and World Bank Group Annual Meetings in Washington DC.
The investment plans now being developed in these 15 countries, as a phase 1, are expected to make up a significant proportion of that financing effort.
Nearly half of EIB Group lending and investments in European Union last year went to cohesion regions, according to new report.
The agreement signed with the European Investment Bank is supported by the Ministry of Investments and European Projects, through the State aid and de minimis Scheme.
Massive investments, and hence long-term finance, are needed to decarbonise the electricity sector in Central, Eastern and South-Eastern Europe and improve energy efficiency.
Romania was a top beneficiary of EIB financing in 2023, with total financial commitments reaching a record high of €4.1 billion.
Lower discount rates make their future cash flows more attractive, leading to higher valuations.
The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.
AI boom could further threaten 2050 decarbonization commitments unless used responsibly and scaled to its full potential as a lever of achieving net zero.
The project covers an area of 8,500 m2 of land and has approximately 47,000 m2 built, including the underground, and each of the three buildings has a height of S+P+10E+Duplex.
Project will be co-financed from an EU program run by the Romanian Ministry of Energy.