European Investment Bank (EIB)

As #COP29 kicks off in Baku, What are Europeans views on climate change? 🌍👇   Our latest climate survey reveals that over 90% of people polled across the EU support increased action to address climate impacts.   Here are some of the respondents' main insights: 📊 72% recognise they will need to adapt their lifestyle for a sustainable future. 💡 85% agree that acting now on adaptation helps avoid greater costs in the future. 🌪️ 80% have already experienced extreme weather in the past five years.   Share this post and tag someone who’s driving climate action! #ClimateAction #Adaptation #ClimateSurvey

Integrating renewables into energy networks is a major challenge, but nothing is impossible. Here are some innovations to keep an eye on👇 🔋 Using CO2: Energy Dome’s “super-battery” uses carbon dioxide to store energy efficiently, leveraging excess solar power to compress and liquify the gas. ⚙️ Using Gravity: Gravitricity Ltd is developing a mechanical energy storage project in a disused mine shaft, using gravity to generate electricity. 💧 Using Water: Pumped-hydro storage, a proven technology, uses water reservoirs at different elevations to store and release energy, generating electricity without emissions. Companies like Iberdrola in Spain are already harnessing its potential to power communities. 🔋 Using Batteries: Companies like Amarenco, AESC in France and FREYR Battery in Norway are advancing large-scale chemical battery production in Europe. Check the article in the comments for more details and share your thoughts! #Renewables #RenewableEnergy #EnergyStorage #InvestedInRenewables #COP29

📢 Top news this week: 🔵 Our Board of Directors approved a €3 billion Pan-European Agricultural Programme – our largest-ever support for European farmers and agribusiness. They also outlined a €900 million support to Spain, backing recovery and resilience projects in response to recent floods. 🔵 During her tour of EU capitals, President Nadia Calviño met with Slovenian President Nataša Pirc Musar, PhD, Prime Minister Dr Robert Golob and Finance Minister Klemen Boštjančič, as well as Croatian Minister of Finance Marko Primorac to strengthen our cooperation on shared priorities. 🔵 We also announced new investments in Czechia to advance cloud-based office solutions. Find out more in the latest #1week1minute video ⤵️ #WeeklyRecap #NewsOfTheWeek

Traineeships in the world’s largest multilateral bank are a unique opportunity to a future career and an outstanding asset in a resume. If you are nearing graduation or have just graduated, you might be eligible for one of the 79 traineeship we posted on our careers portal 👉 https://lnkd.in/e5GiVCtm Our traineeship gives you the chance to gain professional experience in your chosen field of studies, work in a diverse and international environment and get a deeper understanding of the EU Bank's work. To be eligible, you will either need to be in your final year at university, or a graduate with less than one year of work experience, and be an EU national or from our Candidate Countries ⚠️The deadline for applications is 27 November 2024 #JobOpportunity #Career #Traineship #EUbank

Fintech transforms African financial services, but high funding costs hinder climate and digital transitions. The latest edition of our annual 'Finance in Arica' report examines Africa’s banking system, financial markets, digitalisation/fintech and climate finance.   Key takeaways 👇 🔵 The number of fintech companies in Africa almost tripled in 2024 compared with 2020 🔵 Banks report better loan performance among women-led firms, with more lenders planning gender strategy 🔵 African financial conditions ease, but funding costs are obstacle 🔵 One-third of African banks report lack of capital and cost or availability of funding as problem.     #FinanceInAfrica #Africa #Fintech

Today, our Board of Directors approved €10.3 billion in new financing for energy, water, education and innovation projects, including our largest-ever programme for agriculture and agribusiness across Europe, a €3 billion facility. The Board also welcomed the preparation of a €900 million flood recovery plan for Spain. Read more➡️bit.ly/BoD_November

🔋 Making the green transition a reality for energy-intensive industries. Sunfire, a Germany-based company, is developing solid oxide electrolysers for green hydrogen production in industrial settings, replacing the use of fossil fuels in high-energy-consuming sectors like chemicals and steel. We are pleased to support them towards their first commercial production through a venture debt loan, backed by the InvestEU programme. This innovative technology is a game-changer for Europe’s decarbonisation and affordable energy production. #GreenTransition #GreenHydrogen #Energy #EnergyTransition #InvestEU #WebSummit

🌍 𝗡𝗮𝘁𝘂𝗿𝗲-𝗯𝗮𝘀𝗲𝗱 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝘁 𝘁𝗵𝗲 𝗵𝗲𝗮𝗿𝘁 𝗼𝗳 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗮𝗱𝗮𝗽𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝘁 𝗖𝗢𝗣𝟭𝟲. At #COP16, the role of finance was front and centre. We believe mobilising resources for impactful, nature-positive investments can address climate change, biodiversity loss, and pollution. Here are some highlights from our engagement👇 🌿 We have joined forces with WWF to scale up nature-based solutions in sectors like agriculture, energy, and urban resilience. This four-year partnership will support projects that harness nature’s power to strengthen climate adaptation across Europe. 💬 At Finance Day, our Vice President Ambroise Fayolle emphasised the link between financial stability and environmental sustainability. Understanding nature-related risks is crucial for enhancing our lending processes and aligning finance with climate goals. 🌎 We launched a joint survey with ALIDE highlighting the need for long-term financing and expertise to support the green transition in Latin America and the Caribbean. Public development banks will play a key role in catalysing private investment for green projects. 🤝 We are enhancing our work with the European Environment Agency to integrate their expertise in data and modelling, which will help us better assess and amplify the impact of our biodiversity and climate projects. 🌍 Together with other multilateral development banks, we are advancing a shared commitment to support nature, people, and the planet—aligning metrics and methods to track biodiversity and define “nature-positive” finance. Nature-positive solutions and finance can drive tangible change for our planet. #Nature #Adaptation #Finance

🎐 Humanity has harnessed the power of the wind for millennia. Whether grinding grain or sailing to distant shores, wind has powered our progress. But it wasn’t until 1887 that we began to see it as a source of energy. 🌬 In 1978, Henrik Stiesdal introduced the three-bladed turbine design we now see around the world. 🌬And soon, bladeless turbines will use vorticity to generate power, while airborne wind turbines may harness winds high in the sky. What is the past and future of wind energy? 🔗 Click the link in our comments to find out! #RenewableEnergy #WindEnergy #InvestedInRenewables #COP29

📢 Top news this week:   The EIB Group presented the progress of its European Tech Champions Initiative, which already mobilised €10 billion to help innovative companies grow and stay in Europe.   In Madrid, President Nadia Calviño met with Spanish Ministers Carlos Cuerpo, Oscar López Agueda and Isabel Rodríguez García, as well as INSTITUTO DE CREDITO OFICIAL President Manuel Illueca Muñoz, to reinforce our cooperation in supporting European priorities.   In Barcelona, President Calviño participated in the 9th Regional Forum of the Union for the Mediterranean to reaffirm our commitment to a more sustainable and resilient Mediterranean.   At the UN Biodiversity Conference, we partnered with WWF to help Europe protect biodiversity.   Find out more in the latest #1week1minute video ⤵️   #WeeklyRecap #NewsOfTheWeek #NewsOfTheWeek