The EIB presents a €30 billion climate plan to protect Europe from extreme weather events.

The European Investment Bank (EIB) Group plans to allocate at least €30 billion to climate change adaptation finance between 2026 and 2030. This is double the amount provided in the previous five years. This financing will help communities, businesses and infrastructure prepare for climate risks, such as heatwaves, droughts, wildfires and floods. The bank announced the new target, along with Phase 2 of its Climate Adaptation Plan. The plan explains how the EIB Group will transform climate risks into investment projects across Europe and in vulnerable countries outside the European Union (EU). This commitment builds on the approximately €15 billion in adaptation finance provided over the previous five-year period.

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