POST Online Media Lite Edition



 

EIB approves EUR 7.3 billion for climate action, renewable energy, clean transport, refugee support

Christian Fernsby |
The Board of Directors of the European Investment Bank (EIB) approved EUR 7.3 billion of new financing to accelerate climate action by companies and utilities, enhance civil protection from a more extreme climate and other disasters and confirmed EUR 4 billion for housing, health and education investment in countries welcoming refugees from the conflict in Ukraine.

Article continues below




The EIB approved a new streamlined financing initiative to support investment in housing, education and hospital by public authorities across the European Union in regions welcoming Ukrainian refugees.

The new dedicated EIB financing approved today was pledged by EIB President Werner Hoyer at the “Stand Up for Ukraine” Warsaw summit in April 2022.

The EIB backed new financing to increase renewable energy use, scale up energy efficiency investment, reduce pollution and strengthen civil protection against extreme weather.

A new EUR 900 million nationwide initiative to support deployment of smart meters, increase renewable energy and recycling and installation of energy efficient street lighting across Italy was approved.

The EIB also agreed to finance civil defence, disaster prevention and environmental protection investment in Italy. This includes investment in drones for use after a natural disaster, improving weather and hydrological monitoring and enhance air traffic control safety.

A new scheme to rehabilitate water and wastewater infrastructure in 80 municipalities across North Macedonia was also approved. This will tackle river pollution in areas where only 13% of households are connected to wastewater treatment, reduce the risk of flooding and benefit more than 600,000 people.

Sustainable travel to and from Barcelona airport will be transformed by EIB support for new trains to provide services every 15 minutes from the city centre and significantly increase rail transport which at present is far less than at comparable airports.

The EIB agreed to provide EUR 400 million to support targeted financing for small scale renewable energy and energy efficiency investment across Spain to be managed by Santander, the country’s largest bank.

This will improve access to climate action finance by homeowner associations to accelerate investment to upgrade energy efficiency in existing housing and back new construction that uses the highest environmental standards.

The EIB also agreed to support corporate research to develop more energy efficient water treatment and climate resilient and environmentally friendly roads, tunnels and bridges in Spain and innovation to develop safer and more energy efficient aircraft.

The EIB approved a EUR 250 million new joint financing programme with Italian regional development bank Finlombarda to small scale climate related investment by 1,200 local companies.

The EIB also agreed to participate in a USD 150 million fund to unlock equity investment in large and small scale renewable energy projects across Africa and a new EUR 300 million business financing programme to support investment by Jordanian companies affected by the COVID-19 pandemic.


What to read next

EIB: EUR 1.5 billion for businesses in Europe and North Africa
EIB agrees EUR 8 billion investment in education, energy, telecom and local businesses
EIB agrees EUR 5.8 billion for 29 projects

Out of ten sectors of Slovak economy, eight rose

 
Economic performance in the 3rd quarter was driven by the growing industry, developments in real estate market and transportation, including storage.
 
 

Latest

Don't know where to go in Paris? To see Moulin Rouge VIP show evening, of course
ADF mobilized $8.9 billion for Africa’s low-income countries, highest in its 50-year history
Three ships to bring Ukrainian foods to India, Turkey, Spain
Depot of the future delivers Australia’s largest electric vehicle logistics fleet

NEWS

3,000 security officers searched in 11 German states, far-right figures arrested for planning attacks

Argentine VP Cristina Fernandez de Kirchner sentenced to 6 years in jail for corruption
New Zealand: TAIC issues report on fire on board cargo ship Kota Bahagia
NTSB urges immediate inspections of Bell 407 helicopters
U.S.: Locally heavy rain and snow
Croatian MiG-21 crashed, both pilots survived
 

BUSINESS

Luxury travel market to grow by $703.14 billion

IATA: Airlines to return to profit next year but cargo under pressure
UAW urgently calls on automakers to move supply chain out of China's Uyghur Region
UK's fifth biggest trade union calls for an end to rip-off youth rates
Deal on new law to ensure products causing deforestation are not sold in EU
NHS plans to return retired and partially retired staff to work
 

Trending Now

EU antitrust watchdog slaps Deutsche Bank, Rabobank with bond cartel probe

Depot of the future delivers Australia’s largest electric vehicle logistics fleet

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona


POLITICS

Tajikistan plans to develop green economy in 4 years for $2 billion

European Union committed to mobilize 2.6 billion euros for Armenia
Thousand of Moldova's households to get higher compensations when paying bills
FM: Hungary received exemption from using oil price cap
Commission approves €26.3 million Finnish measure to support SEVO in construction of hydroelectric pump storage
Five Polish regions to get €3.85 billion for just transition toward climate neutral economy
 

Today We Recommend

UAW urgently calls on automakers to move supply chain out of China's Uyghur Region


Highlights 

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona

AbbVie signs $40 million collaboration deal with HotSpot Therapeutics


COMPANIES

Bombardier breaks ground on Abu Dhabi service centre, will add more than 100 aerospace jobs

Taiwan Semiconductor to create 10,000 high-paying high-tech jobs in its new chip foundry in Arizona
DAMAC Group signs contract with Mandarin Oriental to manage luxurious resort in Maldives
Kostal to build its new plant in Mexico
Rosatom to supply uranium products to Brazil
Etihad Cargo restarts China-India freighter flights to meet industrial demand
 

CAREERS

Invivyd appoints two executives

Martinrea International appoints Maureen Midgley to board
SouthGobi Resources appoints three directors
Canon Europe promotes Hiro Imamura to EVP, digital printing & solutions
BioMar appoints Andrew Campbell as CEO for AQ1
Roche appoints Brad Moore as CEO of Roche Diagnostics North America
 

ECONOMY

Canada trade surplus widens to $1.9 billion in October

Canada's international merchandise exports rose 1.5% in October
Brazil's Central Bank adjusts 2022 inflation projections by 0.01%
Australian GDP up 0.6 pct in Q3
Egypt’s net foreign reserves rise to $33.532 billion
Italy: Harmonized inflation inches down in November
 

EARNINGS

Barnes & Noble Education Q2 2023 GAAP sales decreased 1.6%

AutoZone Q1 net income decreased to $539.32 million
Genesco Q3 2023 GAAP earnings $1.66
Kirkland's Q3 sales $131.0 million
Cracker Barrel Old Country Store Q1 2023 revenue $839.5 million
Malvern Bancorp Q4 net income $2.6 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Russia receives right to export animal feed to Myanmar

Rospotrebnadzor: Swine flu reported in 74 Russian regions
Hong Kong Customs detects suspected frozen meat smuggling case involving cargo vessel
First direct train from Laos to China arrives with 543 tons of fruit
Vets cull 15,000 ducks in Czech Republic over bird flu outbreak
Hong Kong suspends poultry meat and products import from areas in Canada
 

LEADERSHIP

Only 32% of employees believe their pay is fair

Corporate duty waivers limit organic company growth and innovation
Women buy from women, men buy from women and men
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'
 

CRIME

Walmart to pay Massachusetts $500,000 as part of alleged drug pricing violations

AT&T settles SEC charge of selectively disclosing material information to Wall St. analysts
Hertz to pay $168 mln to settle over 95% of wrongful theft report claims
Glencore to pay Republic of Congo $180 mln over alleged corruption claims
Fraudsters target water infrastructure projects, OLAF closes several cases
Rhode Island man to pay more than $2.8 million in restitution for virtual currency fraud
 

Magazine

TRAVEL

Cambria Hotels opens in Minneapolis

All aboard the Heathrow Festive Express
Asuncion, Mother of Cities and Paraguay’s center of culture, music and shopping
"Pets with Love" Dog Adoption Carnival 2022 to be held in Hong Kong
Weather-resistant ArtWalk Downtown Billings, Montana
Dual branded Courtyard and Residence Inn by Marriott Hotel opens in Montreal
 

SEA, LAND, AIR

Lamborghini Huracán Sterrato, first super sports car for any terrain

New colorful Porsche 718 Style Edition models
2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point
 

DESIGN

Patchwork carpets, vintage Persian carpets made with unparalleled skill

Real life wallpapers, perfectly executed
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style
 

GADGETS

ASUS launches ExpertBook B9 for executives

Take Elektor Fortissimo and make your own high-end amplifier
RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better
 

HEALTH

EU regulator backs bivalent COVID shots for primary vaccination

Strep A killed at least nine children in UK
Justice Department secures agreement with Alabama Medicaid to remove unlawful sobriety mandate for health care access
Pfizer and BioNTech apply for FDA authorization for Omicron-retooled vaccine booster in kids under 5
Cornwall first area in England to trial NHS Digital Health Check
Huge rise of scarlet fever cases in UK, 6 kids dead of Strep A
 

MEANTIME

Maybe aliens are waiting to hear a signal from us first

NASA testing new robotic arm that really knows how to chill out
Mars is more active than previously thought
James Webb telescope produces an unparalleled view of the ghostly light in galaxy clusters
China's two meteorological satellites put into operation
Lagoon dries up as drought grips Peru