EIB Doubles Climate Adaptation Financing, Simplifies Green Access for SMEs
The European Investment Bank (EIB) has announced ambitious plans to boost its climate adaptation financing and simplify access to green funds. The EIB Board has adopted the second phase of the Climate Bank Roadmap, aiming to enhance competitiveness, energy security, and lower prices. Meanwhile, the EIB Group is streamlining processes to accelerate green investment, particularly for small and medium-sized enterprises (SMEs).
By 2030, the EIB Group plans to double its climate adaptation financing to €30 billion. This significant increase reflects the bank's commitment to helping Europe adapt to the impacts of climate change. The EIB Group is also finalising a strategic orientation for its global operations to strengthen green partnerships outside the European Union.
The EIB Group is simplifying its processes to accelerate access to green finance. This includes reducing administrative burdens, especially for SMEs. The bank aims to support over 350,000 European SMEs to invest in energy savings through a €17 billion initiative. Additionally, the TechEU platform aims to mobilise €250 billion by 2027, with a focus on innovations in clean technologies, supporting SMEs in general.
The EIB Group is committed to allocating over half of its annual financing to climate action and environmental sustainability. This reflects the bank's role as the EU's climate bank, supporting the European Green Deal and the EU's climate objectives.
The EIB Group's plans to double climate adaptation financing, simplify access to green funds, and strengthen global green partnerships demonstrate its dedication to combating climate change. By supporting SMEs and investing in clean technologies, the EIB Group is helping Europe transition to a low-carbon, climate-resilient economy.
