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28 Feb
17:57

EIB proposes 50% boost to its REPowerEU investment

European Investment Bank (EIB) president Werner Hoyer is proposing to increase the bank’s contribution to REPowerEU by 50% to €45 billion ($47.7 billion) over the next five years, Kallanish reports. The €15 billion boost to the original financing plan would mobilise over €150 billion in support of green technologies in Europe. Hoyer is calling on the EU to “double down” on the path to net-zero, in response to IRA. “We shoul…
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