ENVIRONMENT : ECONOMIC CRISIS BOOSTS EIB CLIMATE ACTIONS.

Europe Environment, 20090129

For 2009-2010, the European Investment Bank (EIB) will earmark for climate change actions 6 billion of the 30 billion in additional loans it will grant in the context of the European economic recovery plan adopted by the 27 on 2 December. European officials have claimed repeatedly that combating climate change must be seen as a "development opportunity" and that the current economic crisis must in no case serve as a pretext not to take action on the climate. On the contrary, this objective can be a catalyst for economic recovery. Adaptation to climate change, energy efficiency and the development of clean technologies will therefore be at the heart of the Bank's interventions in the coming years.

ENVIRONMENTAL PROJECTS INCREASING

In 1973 the EIB...

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