The EIB Board of Directors approved a new Energy Lending Policy coupled to an ambitious climate action strategy to make this objective a reality.
The EIB will end financing for fossil fuel energy projects from the end of 2021.
Future financing will accelerate clean energy innovation, energy efficiency and renewables
EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030
EIB Group will align all financing activities with the goals of the Paris Agreement from the end of 2020.