The European Investment Bank (EIB) Group has approved the second phase of its Climate Bank Roadmap, aiming to accelerate investment in clean energy, strengthen energy security, and enhance Europe’s industrial competitiveness.
The updated strategy includes a commitment to double climate adaptation financing to €30 billion between 2026 and 2030. It also introduces simplified procedures intended to improve access to green finance for businesses and households.
“We are doubling down on the green transition, because it’s the right thing to do for our future, and also the smart thing to do for our economies,” said EIB President Nadia Calviño.
The roadmap, first introduced in 2020, has so far supported more than €560 billion in green investment. The bank is targeting at least €1 trillion in sustainable projects by the end of the decade.
According to the EIB, the next phase will focus on financing clean technology, upgrading energy grids, supporting small and medium-sized enterprises (SMEs), and helping lower-income households adapt to the impacts of climate change. The initiative will also aim to build resilience against extreme weather and support Europe’s broader transition to a sustainable economy.
