“The successful transition towards a low-carbon economy, as defined by the Paris Climate Agreement, is projected to result in a 1.1% growth in GDP, and a 0.5% growth in employment, in the EU between now and 2030. This is compared to a ‘business as usual’ baseline forecast. Globally, China is also projected to benefit from a low-carbon transition, but the United States would experience a 3.4% drop in GDP, and a 1.6% decline in employment.”
“The EU bank’s financing activity contributing to climate action continued to grow. In 2018, this financing represented 41% of the Bank´s activity in the country, contributing to the development of projects promoting the implementation of more energy-efficient production processes and fostering the use of renewable energies. The financing of infrastructure also increased to reach a total of EUR 499m, mainly dedicated to financing the rehabilitation and expansion of irrigation infrastructure in rural areas and the modernisation of Portuguese ports, among other projects.”
At a workshop on 5-6 February in Sarajevo, the Energy Community Secretariat teamed up with GIZ Open Regional Fund for South-East Europe – Energy Efficiency (ORF-EE) to support Bosnia and Herzegovina in the development of an Integrated National Energy and Climate Plan (NECP).
Air conditioning demand will be one of the biggest drivers of electricity consumption over the next decades, and is a key “blind spot” of the global energy debate.
Gap to energy efficiency target for 2020 continued to widen.
EUR 2.3 billion of new financing for business investment across Europe and Africa. EUR 1 billion for electric vehicles, upgrading international rail links and urban transport. 120 NGO and civil society representatives joined the EIB to discuss EU Bank priorities.
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On 1-2 February, EU4Energy Governance organized another series of High Level Policy Talks in Georgia in order to deepen legislators’ understanding of energy sector reforms stemming from the Energy Community Treaty and work towards a consensus on the key legal provisions.
Spain received almost EUR 8.5bn from the EIB Group in 2018. Innovative project development and climate action financing increased.