{"id":1997,"date":"2023-09-11T13:16:47","date_gmt":"2023-09-11T11:16:47","guid":{"rendered":"https:\/\/www.europeaneconomics.com\/?page_id=1997"},"modified":"2025-10-28T16:54:44","modified_gmt":"2025-10-28T14:54:44","slug":"european-investment-bank-eib","status":"publish","type":"page","link":"https:\/\/www.europeaneconomics.com\/en\/european-investment-bank-eib\/","title":{"rendered":"European Investment Bank (EIB)"},"content":{"rendered":"<p>The EIB has committed to facilitating the mobilisation of <strong>\u20ac1 trillion<\/strong> in climate investments between 2020 and 2030. To achieve this, in July 2023, it decided to <strong>increase its funding for clean energy initiatives to \u20ac45 billion<\/strong> in additional funds allocated to projects aligned with the objectives of <strong>REPowerEU<\/strong> &#8211; the plan to transition the European Union away from imported fossil fuels. This supplementary funding, known as the REPowerEU+ package, will be allocated by 2027 and is expected to generate investments exceeding \u20ac150 billion in <strong>innovative net-zero-emission technologies<\/strong> (such as photovoltaic and solar thermal, onshore and offshore wind, batteries and electricity storage, heat pumps, geothermal, electrolysers and fuel cells, sustainable biogas, carbon capture and storage, and smart grids), as well as projects related to the extraction, processing, and recycling of critical raw materials. All funded projects must be bankable and adhere to rigorous social, environmental, and technical standards. Projects located in less economically developed EU regions, characterised by lower per capita GDP, are favoured.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EIB has committed to facilitating the mobilisation of \u20ac1 trillion in climate investments between 2020 and 2030. To achieve this, in July 2023, it decided to increase its funding for clean energy initiatives to \u20ac45 billion in additional funds allocated to projects aligned with the objectives of REPowerEU &#8211; the plan to transition the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-template-builder.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1997","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/pages\/1997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/comments?post=1997"}],"version-history":[{"count":3,"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/pages\/1997\/revisions"}],"predecessor-version":[{"id":3721,"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/pages\/1997\/revisions\/3721"}],"wp:attachment":[{"href":"https:\/\/www.europeaneconomics.com\/en\/wp-json\/wp\/v2\/media?parent=1997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}