Lithuania

The Lithuanian government and the European Investment Bank (EIB) are joining forces in a €100 million initiative to renovate more than 700 apartment buildings in the country.

Among the challenges facing their country, Lithuanian respondents placed climate change in the top five. Nearly nine in ten Lithuanian respondents think it is necessary to invest in climate adaptation now to avoid higher costs in the long run, according to the annual Climate Survey commissioned by the European Investment Bank (EIB).

Kauno Energija, the district utility company in the Lithuanian city of Kaunas, will upgrade and extend its district heating and hot water supply system with €35 million in support from the European Investment Bank (EIB). The EIB loan  for the energy improvements in Kaunas, which is Lithuania’s second-biggest city and is located in the central part of the country, is backed by a guarantee from the European Commission’s InvestEU programme.