The European Investment Bank (EIB), one of the largest financiers of global energy infrastructure, has launched a new public consultation on financial and advisory support for the sector, to strengthen the impact of its future energy lending, according to a press release from the EU lender.
Over the next three months, the EIB will engage with a wide range of stakeholders, including shareholders, industry associations, civil society, and the private sector to develop a new energy lending policy that supports EU 2030 energy policy and climate targets.
Dialogue with stakeholders will reflect on recent EIB support for energy investment and consider key trends and investment challenges currently facing the sector.
The consultation will include examining how future EIB backed investment can reduce energy consumption through energy efficiency, better support renewable power generation, improve financial and advisory backing for energy innovation, and secure infrastructure essential for energy transition.
The discussion will also include specific considerations on supporting energy investment in developing and emerging economies outside Europe.
The EIB will host a public consultation meeting in Brussels in February (the planned date is February 25), followed by consideration of the new Energy Lending Policy by the EIB’s EU member state shareholders later in the year.
The new policy will replace the EIB’s Energy Lending Criteria adopted six years ago in the context of Europe’s 2020 targets that ensured strengthened support for clean energy finance including renewable energy, energy efficiency, and related electricity grids.
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