The Full Form of EIB is European Investment Bank.
The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
In November 2019, the EIB’s Board of Directors demonstrated the EIB’s commitment to support the energy transition by adopting the new energy lending policy (ELP), which phases out EIB support to energy projects reliant on unabated fossil fuel by the end of 2021.
The Board also approved a new level of ambition for the EIB towards climate action and environmental sustainability. The EIB now needs to turn this ambition into reality and would like interested stakeholders to accompany it in developing its roadmap – the “Climate Bank Roadmap 2021-2025” – that will guide this transition.
EIB
means
European Investment Bank
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