EIB Group Forum: President Hoyer signals readiness to boost green energy finance in support of EU autonomy and competitiveness

EIB Group Forum: President Hoyer signals readiness to boost green energy finance in support of EU autonomy and competitiveness

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• President Hoyer proposes to increase EIB contribution to green energy initiative REPowerEU from EUR 30 billion to around EUR 45 billion
• EIB expects to mobilise up to EUR 100bn, 1/3 of EU’s Global Gateway EUR 300 bn target, to address global challenges under EU Global Gateway initiative
• In response to the US Inflation Reduction Act President Hoyer calls on EU to “double down” on the path to net-zero (...)