January 31, 2025 08:52 GMT
POWER: EIB Raised Green Financing by 14% Y/Y in 2024
POWER
The EIB has increased financing for the energy transition, climate action and environmental stability in 2024 to €50.7bn, up by 14% on the year, cited by Argus.
- The bank has financed 21GWh of renewable power generation and 107,370km of installed or upgraded power lines last year.
- EIB has a target to invest more than 50% of its annual financing to go towards climate action and environmental sustainability this year.
68 words