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

U.S.: Severe thunderstorms, heavy rain and fire threat

 
An active Spring weather pattern is setting up for large portions of the U.S. heading into the weekend.
 
 

Latest

Baker Hughes: U.S. oil rig count up by 2 to 483
California is now world’s 4th-largest economy
Roche to create 12,000+ new jobs in U.S. over next five years
€612 million Portuguese State aid scheme to support energy-intensive companies

NEWS

Peru court jails ex-President Humala for money laundering

Bosnia risks air traffic shutdown over unpaid debt
Active weather in Eastern U.S.; warm weather and critical fire weather across portions of West
Siemens executive Agustin Escobar, five others killed in Hudson River copter crash
U.S.: Significant severe weather and life threatening flash flooding
More than 300 arrests as African countries clamp down on cyber threats
 

BUSINESS

Domestic tourism spending in Britain falls by £3bn, analysis reveals

IMF approves $20 billion extended arrangement for Argentina
Bangladesh, Japan sign construction deal for Matarbari deep seaport
Submarine cable line with largest capacity in Vietnam begins operation
Rig count stabilizes amid oil price recovery
Lower or same benefits enable faster job change in Germany
 

Trending Now

U.S.: Severe thunderstorms, heavy rain and fire threat

Baker Hughes: U.S. oil rig count up by 2 to 483

Ben Söderling new CEO of Sovellusmestarit Oy and MoveRoll Oy

Namibia seeks swift shift from oil discoveries to production, says president


POLITICS

Norway signs agreement to continue funding for Poland

Namibia seeks swift shift from oil discoveries to production, says president
€400 million Spanish State aid scheme to support renewable hydrogen production
Viking CCS pipeline development granted consent decision
Egypt, France sign 7bln euro deal for green hydrogen complex on Red Sea
Maryland Governor to lead international trade and investment mission to Japan and South Korea
 

Today We Recommend

IMF approves $20 billion extended arrangement for Argentina


Highlights 

Roche to create 12,000+ new jobs in U.S. over next five years

Adani Ports buys Australian coal export terminal for $2.54bn

BRF to invest $160m in Saudi Arabian plant


COMPANIES

Adani Ports buys Australian coal export terminal for $2.54bn

BRF to invest $160m in Saudi Arabian plant
Second fuel debris sample retrieved at Fukushima
AgriAmerica expanding in Chautauqua County, will create 469 jobs
Flock Safety to create 210 new jobs in Smyrna, Georgia
International Paper in talks to divest five plants in Europe
 

CAREERS

Pere Mañé appointed as new CEO of Suanfarma

Ben Söderling new CEO of Sovellusmestarit Oy and MoveRoll Oy
Helio Fujita joins Mars as global people & organization VP for petcare business
Cold Summit appoints Harld Peters as president of Cold Summit Europe
Royal Van Leeuwen chairman Peter Rietberg stepped down
iSON Xperiences appoints Ricardo Langwieder as chief sales officer
 

ECONOMY

Thailand's exports jump 17.8 pct to 3-year high in March

Turkish exports hit second highest March figure on record
EU hourly labour costs ranged from €11 to €55 in 2024
U.S. consumer confidence dropped sharply in February
EU records trade surplus for 6 quarters in a row
Brazil reaches second highest export value for January
 

EARNINGS

Ericsson Q2 sales down but North America up

Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 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

Tanzania bans agricultural imports from South Africa and Malawi

Experimental bird flu vaccine excels in animal models
Peru to secure fresh potato access to Brazilian market
New pollen-replacing food for honey bees brings new hope for survival
Fishing ban begins across Türkiye to protect marine resources
Argentina opened Albanian market for beef exports
 

LEADERSHIP

Study: Missing a deadline has a bigger impact than you might think

Employers prefer younger job candidates for AI roles although experienced workers perform same or better
Study finds workers misjudge wage markets
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
 

CRIME

EU fines carmakers €458 million for anti-recycling cartel

Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing
BHP, Vale agree to pay $30B damages for Brazil dam disaster
Commission fines České dráhy and Österreichische Bundesbahnen €48.7 million over collusion to exclude common compe
SEC charges Keurig with making inaccurate statements regarding recyclability of K-Cup beverage pod
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
 

Magazine

TRAVEL

Radisson Hotel Group debuts in the heart of Tunisia’s capital city, Tunis

Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
 

SEA, LAND, AIR

Citroën C3 Aircross, the most affordable compact SUV with 7 seats

2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

MESA/Boogie Celebrates 40-year partnership with John Petrucci

reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
 

HEALTH

FDA grants marketing authorization of first home test for chlamydia, gonorrhea and trichomoniasis

Human cases of anthrax reported in western Mongolia
One more barrier to developing vaccine for HIV removed
Rwanda begins world's first clinical trial for treatment of Marburg virus disease
Rwanda restricts gatherings amid Marburg virus outbreak, to begin trials of vaccine
Teksas Attorney General reaches settlement in first-of-its-kind healthcare generative AI investigation
 

MEANTIME

Russian academics, gas industry experts see undersea LNG transportation as feasible

India launches space docking experiment mission
World-first carbon-14 diamond battery made
Einstein Telescope step closer
Exoplanet-hunting telescope to begin search for another Earth in 2026
India to build first phase of its own space station by 2028