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The EIB has approved £5.
8bn in new financing
for 36 projects in Europe, Africa, Asia and South America.
The EIB approves £5.
8 billion to finance 36 projects across four continents
Around £1.
3 billion will be used for a gas pipeline across the Adriatic Sea, passing through Greece, Albania and the Adriatic Sea, before making landfall in southern Italy and connecting with the Italian gas network
.
The project is part of
the Southern Gas Corridor.
The Southern Gas Corridor has been identified as a strategically important part
of the EU's energy policy.
The EIB also approved a £1.
45 billion initiative to address restrictions on green bond issuance in developing countries
, which are most vulnerable to climate change.
New 17-megawatt wind farms in Lower Austria, hydropower plants in Georgia and a number of medium-sized renewable energy projects across Africa will also be financed
.
New support for energy distribution includes the rollout of smart meters in Spain, improving the reliability of Italy's existing distribution network, and building a new waste-to-energy plant
in Dundee, Scotland.
Transport across continents will also be upgraded to reduce carbon emissions and increase the number of people using public transport, rather than more polluting-intensive private cars
.
，
The EIB has approved £5.
8bn in new financing
for 36 projects in Europe, Africa, Asia and South America.
The EIB approves £5.
8 billion to finance 36 projects across four continents
8 billion to finance 36 projects across four continents
Around £1.
3 billion will be used for a gas pipeline across the Adriatic Sea, passing through Greece, Albania and the Adriatic Sea, before making landfall in southern Italy and connecting with the Italian gas network
.
The project is part of
the Southern Gas Corridor.
The Southern Gas Corridor has been identified as a strategically important part
of the EU's energy policy.
The EIB also approved a £1.
45 billion initiative to address restrictions on green bond issuance in developing countries
, which are most vulnerable to climate change.
New 17-megawatt wind farms in Lower Austria, hydropower plants in Georgia and a number of medium-sized renewable energy projects across Africa will also be financed
.
New support for energy distribution includes the rollout of smart meters in Spain, improving the reliability of Italy's existing distribution network, and building a new waste-to-energy plant
in Dundee, Scotland.
Transport across continents will also be upgraded to reduce carbon emissions and increase the number of people using public transport, rather than more polluting-intensive private cars
.
，
