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02 Dec 2023
COP28: EIB to support objectives of Global Renewables and Energy Efficiency Pledge
The European Investment Bank (EIB) will actively contribute to the objectives of the Global Renewables and Energy Efficiency Pledge, announced today at the World Climate Action Summit, the gathering of world leaders at COP28 in Dubai. The pledge, which was joined by more than 100 countries, alongside the COP28 Presidency and the European Union, aims to accelerate the pace and deployment of renewables and energy efficiency to limit global warming. It defines new targets for the global installed capacity of renewable energy sources, set to triple by 2030. In addition, it commits to doubling the global rate of energy efficiency improvements from 2% to 4% every year until 2030.
