The European Investment Bank (EIB) Group signed €89 billion in new financing last year. The Group made more investments than ever before to strengthen EU energy security, mobilising over €100 billion for projects in new and upgraded infrastructure such as grids and interconnectors, renewables, net-zero industries, efficiency and storage. Nearly 60% of the total financing supported the green transition, climate action and environmental sustainability.

Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.

European Investment Bank (EIB) Group President Nadia Calviño will participate in the United Nations Climate Change Conference (COP29) taking place in Baku, Azerbaijan from 11 to 22 November 2024. Together with fellow heads of multilateral development banks (MDBs) as well as government and business leaders, President Calviño will present new initiatives and projects to accelerate global climate action. She will be accompanied by EIB Vice-Presidents Ambroise Fayolle and Teresa Czerwińska.