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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. 
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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.