The European Investment Bank has approved financing of €8.9bn for infrastructure projects aroud the world, including renewable energy and other climate change-related action.
A portion of the money will go to support new wind and solar plants in India.
A joint investment programme will also be set up with the Development Bank of Latin America to back projects in that region, including renewables.
Smart energy start-up companies across Europe will also receive finance and a new dedicated credit line will be set up to support climate action by companies in the Czech Republic.
A total of 55 projects will receive a share of the €8.9bn financing, which was agreed at the bank’s December board meeting.
Image: EIB
Europe agrees green finance boost
EIB funding for renewables projects in India and Latin America
By EBS