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Austria: EIB supports PÜSPÖK with €80 million for agrivoltaics
The European Investment Bank (EIB) is providing €80 million to the PÜSPÖK Group to build six agrivoltaic farms in Burgenland, Austria. This innovative project is being financed together with Erste Bank of the Austrian group of savings banks (Sparkassen). Erste Bank is providing a loan of €43 million, of which €28 million will be refinanced by the EIB.
Two-thirds of Austrian respondents say they will have to adapt their lifestyle due to climate change, EIB survey finds
Austrian respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Among the challenges facing their country, Austrian respondents ranked climate change third, after the cost of living and large-scale migration. Many believe that investing in adaptation now will also prevent higher costs in the future.
G7 financial institutions team up for sustainable food systems
G7 Public Development Banks (PDBs) and Development Financial Institutions (DFIs) are joining forces to enhance food security and sustainable agriculture in emerging markets. Through a new coordination mechanism set up by Italy’s Cassa Depositi e Prestiti (CDP), the Group of Seven PDBs and DFIs are teaming up in the “Collaborative on Sustainable Food Systems”.