European Investment Bank (EIB) at COP27: Financing a global just transition to climate neutrality

European Investment Bank (EIB) at COP27: Financing a global just transition to climate neutrality

The EIB (https://www.EIB.org) is set to step up its support for decarbonisation projects across the world. The Bank will present a framework to support environmental sustainability projects. The EIB boosts clean energy financing in support of REPowerEU Plan. New partnerships will be unveiled to finance climate action and environmental sustainability projects.

The European Investment Bank (EIB) Group will convey the urgency of mobilising massive resources for global warming mitigation and adaptation at the United Nations Climate Change Conference (COP27), in Sharm El Sheikh, Egypt, from 6 to 18 November 2022. The EU bank will affirm its unwavering commitment to deploying its full range of financial tools in support of the swift decarbonisation of our economies.

The EIB Group (European Investment Bank and European Investment Fund) will launch new initiatives under its Climate Bank Roadmap, supporting a just transition to climate neutrality globally, and a framework to promote environmental sustainability. In addition, the EIB will team up with partners to announce new green financing projects and initiatives.

EIB President Werner Hoyer commented: “Russia’s war against Ukraine is a catastrophic human tragedy. It has also exposed the world’s vulnerability and dependence on fossil fuels. Decarbonisation has now become a prerequisite not just for saving the