Finance: The EU Bank Helps Fund Renewable Energy Projects

EIB Links Green Bonds to Projects in Push for Climate (Bloomberg)

The European Investment Bank is the first issuer to link its individual green bonds to the projects they finance in a second move to respond to the call from world leaders to scale up finance for projects related to climate change.

“Ahead of the Paris climate conference, the EIB is supporting EU’s leadership in climate policy also through innovation in the green bond market,” said Bertrand de Mazieres, director general of finance at the EIB. “Green bond issuance has grown substantially, and has the potential to contribute significantly to addressing the 2 degree Celsius target.”

The EIB’s green bonds are used for energy efficiency and renewable energy projects. They fund wind, solar, hydropower, wave, tidal and geothermal electricity generation.

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