The European Investment Bank (EIB) has declared its ambition to become the EU’s first Climate Bank. It will restructure its financial services for climate and environmental projects and will align all its financial operations in accordance with the Paris Agreement.
Within this framework, EGEC recommended EIB to prioritise and support de-risking investments in geothermal and other renewable energy projects. It highlighted the financial support that is crucial for developing risk insurance schemes for the exploration of geothermal energy sources.
Download here EGEC’s full contribution to the EIB Consultation
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