Regions are invited to apply today for two Commission pilot projects. If selected, they can benefit from tailored EU financial and advisory support in transforming their economies and modernising their industries.
European countries need to rapidly step up efforts and define their investment needs and plans to match their objectives in shifting to a low-carbon, climate-resilient economy. This is the key finding of a stocktaking briefing published by the European Environment Agency (EEA) today, which also stresses the need for clear information on investment needs and priorities to attract private finance.
The European Investment Bank (EIB) has provided to Bank Ochrony Środowiska (Bank for Environmental Protection, BOŚ) a EUR 75m loan supporting small and medium-scale investments carried out by small and medium-sized enterprises (SMEs), mid-caps and public sector entities in Poland. 40% of the loan is expected to finance projects contributing to Climate Action. The EIB facility is guaranteed under the European Fund for Strategic Investments (EFSI), a central element of the Juncker Commission’s Investment Plan for Europe.