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

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.

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