The European Investment Bank (EIB) Group has adopted the second phase of its Climate Bank Roadmap to accelerate investment in clean energy, competitiveness and energy security.
The plan includes doubling climate adaptation financing to €30bn between 2026 and 2030, alongside radically simplified procedures to speed access to green finance.
EIB president Nadia Calviño said: “We are doubling down on the green transition, because it’s the right thing to do for our future, and also the smart thing to do for our economies.”
Since 2020, the roadmap has backed over €560bn in green projects, with the bank targeting at least €1tn this decade.
The EIB said the new phase will focus on supporting cleantech, energy grids, SMEs and lower-income households, while enhancing resilience to extreme weather and boosting Europe’s industrial competitiveness.