The European Investment Bank’s (EIB) approval of €4.8 billion in new financing for investment rural areas, energy transition, transport and the private sector is very welcome.
It includes support for projects to improve communications in rural regions, increase private sector investment to support climate action and accelerate the transition to clean energy.
This investment sends a strong signal throughout Europe about supporting rural communities.
I am also very pleased that the EIB is taking the initiative on financing projects around climate action, which is one of the most pressing issues of our time.
The EIB intends to finance a range of climate action projects, including flood mitigation schemes across Europe.