Tag: European Investment Bank

EU invests €4.8 billion of emissions trading revenues in innovative net-zero projects

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The European Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, helping to put cutting-edge clean technologies into action across Europe. For the first time, projects of different scales (large, medium and small, alongside pilots) and with a cleantech manufacturing focus are awarded under the 2023 call for proposals. This is Read more about EU invests €4.8 billion of emissions trading revenues in innovative net-zero projects[…]

€100 million for innovative small-scale clean tech projects

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The European Commission is launching the third call for small-scale projects under the Innovation Fund, one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies. Financed by revenues from the auctioning of emission allowances from the EU’s Emissions Trading System (EU ETS), this call for small-scale projects will further boost the deployment of Read more about €100 million for innovative small-scale clean tech projects[…]

EU agrees 24 new guarantee programmes

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The Operational Board of the European Fund for Sustainable Development plus (EFSD+) has endorsed a further package of 24 guarantee programmes to support investments in the EU’s neighbourhood and enlargement countries. Together with the three guarantees for the Western Balkans to support SMEs approved in December, the new guarantees, worth €2.4 billion, are expected to Read more about EU agrees 24 new guarantee programmes[…]

European Green Deal: €4.11 billion from the Modernisation Fund to accelerate the clean energy transition in 8 Member States

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In its second year of operation, the Modernisation Fund has disbursed a total of €4.11 billion in support of 61 projects in eight beneficiary countries. These projects will help modernise energy systems, reduce greenhouse gas emissions in energy, industry, transport and agriculture, and improve energy efficiency. Supporting these investments will help those Member States to meet Read more about European Green Deal: €4.11 billion from the Modernisation Fund to accelerate the clean energy transition in 8 Member States[…]

€2.4 billion to accelerate the green transition

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The Modernisation Fund made available €2.4 billion to seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas emissions in energy, industry and transport, and support them in meeting their 2030 climate and energy targets. Investments were confirmed in Romania (€1391.6 million), Czechia (€520 million), Poland (€244.2 million), Lithuania (€85 million), Hungary (€74.3 Read more about €2.4 billion to accelerate the green transition[…]

Over €1 billion for the EU climate transition

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The Commission signed grant agreements of €1.1 billion with seven large-scale projects via the EU Innovation Fund, funded by revenues from the EU’s Emissions Trading System (ETS). These projects aim to reduce emissions by over 76 Mt of CO2eq during the first ten years of operation. The seven projects are deploying innovative low-carbon technologies at Read more about Over €1 billion for the EU climate transition[…]

The European Green Deal Investment Plan

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The European Union is committed to becoming the first climate-neutral bloc in the world by 2050. This requires significant investment from both the EU and the national public sector, as well as the private sector. The European Green Deal’s Investment Plan – the Sustainable Europe Investment Plan – presented today will mobilise public investment and Read more about The European Green Deal Investment Plan[…]

First EIB loan tranche dedicated to female entrepreneurs in the EU

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It is expected that the overall loan will benefit some 260 SMEs and mid-caps and  support 6,100 jobs First operation with Garanti Bank increases the number of partner financing institutions in Romania to 16 The European Investment Bank (EIB) is lending € 22.3m to Garanti Bank Romania to support businesses in Romania. € 5m of the Read more about First EIB loan tranche dedicated to female entrepreneurs in the EU[…]

EIB lends EUR 1bn to co-finance transport infrastructure projects with EU grants

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The European Investment Bank (EIB) is lending EUR 1bn to co-finance with European Structural and Investment Funds priority transport infrastructure projects totalling EUR 6.8bn to be implemented across Romania during the 2014-2020 EU programming period.  EIB funds will cover the state budget contribution that co-finances priority transport investments under the Large Infrastructure Operational Programme 2014-2020 (LIOP). The location of the projects will vary, although Read more about EIB lends EUR 1bn to co-finance transport infrastructure projects with EU grants[…]