The coalition of development finance institutions and multilateral organizations making up the Global Green Bond Initiative (GGBI ) today launched a strategic partnership with the African Development Bank to cooperate on technical assistance to promote green bond markets in Africa.
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.
On Monday December 4th, at COP28 in Dubai, the European Investment Bank (EIB) and Meridiam presented the first project – in Mauritania - to be developed and financed by The Urban Resilience Fund (TURF). The Nouakchott Coastline Development Project, managed by Meridiam, aims at protecting Mauritania’s capital city from coastal erosion and flooding, while also developing new activities to the benefit of its communities.
The European Investment Bank (EIB) has approved a €550 million loan to Adif to increase capacity at Madrid’s Puerta de Atocha Almudena Grandes station. This financing is part of the €740 million framework loan approved by the EIB in 2021 to help Adif transform the Madrid rail hub, including work in this station and in Chamartín Clara Campoamor station.
