Tag: European Investment Bank
European Investment Bank Gives Green Light to €3bn for Clean Transition
European Investment Bank approves ETS2 Frontloading Facility The European Investment Bank (EIB) board has approved a €3bn Frontloading Facility which provides revenues to countries to spend on preparing citizens for higher fuel costs, once the EU’s carbon price on heating and fuel (ETS2) kicks in. A further €3bn could be … [continued]
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When Next-Generation Geothermal Meets First-of-a-Kind Reality
Eavor is a next-generation geothermal energy company that set out to solve one of the long-standing limits of geothermal power. Conventional geothermal electrical generation only works where naturally permeable, water bearing hot rock exists close enough to the surface. Eavor’s idea was different. Instead of relying on naturally flowing hot … [continued]
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EU Transport Plan Sets Out First Steps To Boost Green Fuel Production For Planes & Ships
‘STIP’ diagnoses the problems for decarbonising planes and ships, but there is an urgency to act now, says T&E. The Sustainable Transport Investment Plan (STIP) published today contains promising steps to boost e-fuels production, T&E has said. But the EU needs to follow through rapidly if it is to retain its industrial … [continued]
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€500 Million Green Loan Signed For 315 MW Offshore Wind Farm
The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola with backing from the Spanish export credit agency, Cesce. Iberdrola is the largest electric utility in Europe, employing over 45,000 people. The Windanker offshore wind farm will have 315 MW of capacity when completed. It is … [continued]
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