Tuesday, January 24, 2017

In Message to Trump, EU Says Will Remain Top Investor Against Climate Change

European Investment Bank (EIB) President Werner Hoyer (Credit: Olivier Hoslet/EPA) Click to Enlarge.
The European Investment Bank, the EU's lending institution, will maintain a target of investing around 20 billion dollars a year to fight climate change over the next five years, it said on Tuesday, sending a warning to climate skeptics.

Climate investment is already about a quarter of EIB total loans. Last year the bank lent 83.8 billion euros ($90 billion), of which 19 billion went to projects to counter climate change.

"We, Europeans, must lead the free world against climate skeptics," the EIB president Werner Hoyer said at a news conference in Brussels.
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Hoyer said the bank would maintain ambitious targets against global warming.  "We aim to provide $100 billion for climate action over the next five years, the largest contribution of any single multilateral institution," he said.

Read more at In Message to Trump, EU Says Will Remain Top Investor Against Climate Change

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