Thursday, February 24, 2011

European Investment Bank to increase investment on climate action

 European Investment Bank President Maystadt 22 in Brussels announced that the European Investment Bank in 2010 for a total investment of Climate Action Project is 190 million euros, 16 billion euros in 2009 increased by 18.7%, the highest in history The highest annual increase since.

materials provided by the European Investment Bank Show, 2010, the line to the 460 large projects for a total of up to 720 million euros in loans, of which 63 billion euros to invest in within the European Union, 9 billion euros to invest in non-EU countries. With the steady economic recovery EU, the European Investment Bank's total lending is gradually restored to the level before the international financial crisis. In 2010, the bank's total investment climate action project in the proportion of the total investment up to 30%. In 2010, the bank substantially increase renewable energy and energy efficiency investment in the field, which invest in renewable energy projects (wind, solar, etc.) the total amount more than 6 billion euros, to invest in energy efficiency projects total funding over two billion euros. In the field of transport, the European Investment Bank significantly increased its investment in electric vehicles.

Maystadt said that within the European Union European Investment Bank to promote growth, innovation and employment projects in a large number of loans, effectively promoting the EU economic recovery. European Investment Bank on climate action a record amount of investment projects, of which 2 billion euros was invested in non-EU country or region's climate action projects. European Investment Bank has done is to create a better and more sustainable future. According to reports, in the past 3 years, the European Investment Bank to promote economic recovery in the EU provided a total of 610 billion euros of loans, higher than the originally planned 11 billion euros. European SMEs and backward regions are the European Investment Bank lending in the biggest beneficiary. European Investment Bank to small and medium enterprises in the European Union 160 000 430 backward areas and projects to provide a loan. In 2010, the European Investment Bank to obtain a profit of 2.1 billion euros.

EU Member States the European Investment Bank is a joint venture financial institutions. As the EU's policy banks, the European Investment Bank for the purpose of not for profit, its business focused on the construction of backward areas in the EU project, to help promote industrial modernization and structural reform program and in the interest of several members of the EU or project to provide long-term loans or guarantees. The bank also outside the EU to provide loans, loan construction projects (such as improving energy supply) shall be of special significance to the EU. Heng Yuan Yan reporter

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