Connect with us

EU

Executive Vice President Timmermans at #EIB in Luxembourg

SHARE:

Published

6 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

On 6 January, Frans Timmermans, Executive Vice-President for the Green Deal visited the premises of the European Investment Bank in Luxembourg where he addressed the EIB staff. He said: "To achieve the ambition set by the European Green Deal, there are significant investment needs. We will only be able to meet these investment needs if we mobilize both the public and private sector. In this regard, the EIB will be a main partner, acting as a pool and magnifier of public investments and as an extra security for private investments." The EIB set itself ambitious targets, including doubling its climate investment target from 25% to 50% by 2025 and committing to end financing for fossil fuel energy projects from 2021 onwards,  thus becoming Europe's climate bank. After the staff meeting, Timmermans had a working dinner with EIB President Werner Hoyer.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending