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64 percent of Swedes have been affected by extreme weather – nearly everyone realizes that Sweden must adapt to climate change
Most Swedish 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, Swedish respondents ranked climate change third, after the cost of living, and security. More than eight out of ten Swedish respondents believe that investing in adaptation now will not only boost the economy, but will also prevent higher costs in the future.
Sweden: European financing powers completion of Stockholm's state-of-the-art transport hub
The European Investment Bank (EIB) will provide an additional €264 million in financing for the Slussen waterway-redevelopment project in Stockholm, reinforcing the bank’s commitment to sustainable urban renewal. The new financing builds on a previous EIB loan of €382 million and will be used to complete key infrastructure elements of the project including upgrades to old locks, improvements to an intermodal transport hub and the creation of pedestrian and cycling pathways.
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”.