In 2024, the European Investment Bank (EIB) increased its financing for the green transition, climate action and environmental sustainability by 14% y/y – to a record €50.7 billion. This is stated in the report of the institution.
This amount is 57% of the bank’s total financing last year.
In total, the EIB Group signed new financing worth €89 billion last year, with about 90% of investments concentrated in the EU.
A record €31 billion was allocated to support energy efficiency, renewable energy, storage and electricity networks. This is expected to mobilize more than €100 billion in investments.
The Bank has set a target of allocating more than 50% of its total annual financing to climate change and environmental sustainability by 2025. This target was exceeded in 2021, 2022 and 2023 (51%, 58% and 60% respectively).
In addition, the EIB plans to support €1 trillion in climate and sustainable development investments by 2030. This year, the bank plans to increase the volume of signed financing to €95 billion and meet the target level of environmental financing of 60%.
Last December, the EIB provided €100 million in financing to the Marcegaglia steel group for its decarbonization and innovation strategy. The funds will be used for a number of energy efficiency, automation and innovation initiatives at the company’s Italian operations, which are expected to be completed by 2028.
The American Chamber of Commerce in Ukraine has called on the government not to approve…
On 14 July 2026, the Verkhovna Rada of Ukraine passed a law ratifying the Free…
Between January and May 2026, the long steel products market in Ukraine saw a significant…
Less than a week after its previous price cut for hot-rolled steel, the Vietnamese producer…
The Spanish bank BBVA has provided the Turkish steel group Tosyalı with €187 million in…
In the first half of 2026, China’s steel exports fell by 5.6% year-on-year to 54.87…