Source link : https://tech365.info/the-eus-funding-large-wants-to-step-up-on-clear-transport-cleantechnica/
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By Lorenzo Manca, Sustainable Finance Officer, T&E.
There are welcome indicators that the European Funding Financial institution intends to sort out transport poverty through the ETS2. The establishment also needs to ramp up assist for clear transport applied sciences reminiscent of e-fuels and the battery worth chain.
The EIB is the EU’s funding big, channeling billions yearly into all the pieces from native buses to cross-border vitality infrastructure. In transport, this big has been wakeful in a number of areas, investing closely in street and rail electrification and in clear city mobility. However in others, it has been trying the opposite approach or not utilizing its potential in any respect.
Below the present 2020–2025 Local weather Financial institution Roadmap (CBR1), the EIB dedicated to turn out to be the “EU Climate Bank”. This meant aligning all its operations with the EU’s local weather targets, phasing out most fossil gas lending and surpassing the edge of fifty% inexperienced lending.
These have been necessary steps. But, as a latest T&E evaluation confirmed, gaps stay: the financial institution nonetheless helps corporations with giant fossil gas portfolios and continues to again street growth, plug-in hybrids, LNG, e-fuels for street transport and biofuels. At instances, it even undermined its personal commitments, most notably with a large €800 million mortgage…
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Author : tech365
Publish date : 2026-01-13 04:38:00
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